Don't get 'Jelly' and FOMO into a top! 🍮 JELLYJELLY is up +10%, but the order book is looking heavy. I've seen too many traders lose their bags chasing these +10% moves without looking at the Technical Analysis. UMA and $MAGIC are also at critical 'make or break' levels. 🛡️

$JELLYJELLY

JELLYJELLYSolana
JELLYJELLYUSDT
0.07516
-2.31%

: SHORT | Reason: Failed to hold $0.063; massive 'sell' walls appearing on the depth chart.

TP: $0.051 | SL: $0.067

$UMA

UMA
UMAUSDT
0.4984
-7.68%

: LONG | Reason: Successfully retested the $0.52 support level; looking for a push to $0.65.

TP: $0.64 | SL: $0.49

$MAGIC: LONG | Reason: Volume-weighted moving average (VWMA) is trending up; +10% is solid.

TP: $0.088 | SL: $0.068
#RiskManagement #tradingtips #crypto