Last week, the market experienced a decline, as BTC fell by 3.69% on the monthly chart, ending a three-month rising trend, and the market mood shifted to waiting and anticipation. Despite favorable policies, profit-taking increased, and falls occurred for both BTC and ETH and SOL. The market performance entered a correction phase, and investors are advised to monitor the support level and manage leverage.$JELLYJELLY
The critical warning sign is now showing on my favorite pump for today... Talk about the explosion. JELLYJELLY moved from a range of $0.06 to nearly $0.135 in a few hours. Extremely amazing gains. It is up nearly 100% for the day. Just look at the trading volume accompanying those green candles - money is flowing. But here is the trap: we just printed a large red wick at the top near $0.135. This is take profit. It is falling sharply now to $0.119. This is the point where you see if the buyers are strong enough to defend this new level. We need to stay at least at 0.11 to prevent a complete collapse. This is very volatile. Don't chase this unless you know what you're doing. Are you riding this pump or waiting for the inevitable fall? #jellyjelly #CommercialTradeConsensusReached
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Last week, the market experienced a decline, as BTC fell by 3.69% on the monthly chart, ending a three-month rising trend, and the market mood shifted to waiting and anticipation. Despite favorable policies, profit-taking increased, and falls occurred for both BTC and ETH and SOL. The market performance entered a correction phase, and investors are advised to monitor the support level and manage leverage.$JELLYJELLY
The critical warning sign is now showing on my favorite pump for today...
Talk about the explosion. JELLYJELLY moved from a range of $0.06 to nearly $0.135 in a few hours. Extremely amazing gains.
It is up nearly 100% for the day. Just look at the trading volume accompanying those green candles - money is flowing.
But here is the trap: we just printed a large red wick at the top near $0.135. This is take profit.
It is falling sharply now to $0.119.
This is the point where you see if the buyers are strong enough to defend this new level. We need to stay at least at 0.11 to prevent a complete collapse.
This is very volatile. Don't chase this unless you know what you're doing.
Are you riding this pump or waiting for the inevitable fall?
#jellyjelly #CommercialTradeConsensusReached