#JELLY #BGSC #MUBARAK

Jelly-My-Jelly (JELLY) is currently in a challenging position at a price of 0.01674 USDT, after experiencing a sharp decline of 32.99% in the last 24 hours. Technical analysis shows a short-term bearish trend, with the price below MA(7) at 0.023464, but still above MA(50) at 0.012966, indicating potential medium-term support. The decrease in volume after a massive sell-off indicates that selling pressure is starting to ease, with key support levels at 0.016625 USDT and the nearest resistance at 0.023464 USDT, providing opportunities for a short-term rebound despite high volatility.
Fundamentally, JELLY is a small altcoin with a market cap of only 16.73 million USDT and ranked #858 on CoinMarketCap, making it highly vulnerable to market manipulation and extreme volatility. A 92.81% decline in 90 days indicates a long-term bearish trend, likely due to a lack of strong fundamentals or negative sentiment. However, a rise of 4.09% in the past 30 days indicates medium-term interest, which could be a catalyst for recovery if current support holds and there is no further negative news.
For short-term trading, the best strategy is to buy in the spot market at a price of 0.01674 USDT with a profit target at 0.023464 USDT (potential profit of 40%), using a stop loss at 0.01650 USDT to limit risk. In the futures market, a long position with 2x-3x leverage can yield greater profits (80-120%) with the same target, but it must be accompanied by strict risk management due to high volatility. Alternatively, a short position can be considered if the price fails to hold at support, with a target of 0.015 USDT, but traders need to be cautious of the potential for a quick rebound in small altcoins like JELLY.