JELLY has shown interesting rebound signs after a short-term adjustment. According to on-chain data, the trend of continuous capital inflow is quite evident, which usually indicates a quiet shift in the attitude of market participants.



Looking at the daily chart, the pattern has clearly shown signs of bottoming out and stabilizing. Against the backdrop of Bitcoin's liquidity remaining resilient and the observation window for the entire crypto market opening, these types of small and medium-sized coins often welcome rebound opportunities.

Technically speaking, the price level of 0.09 has become a target worth paying attention to. Of course, one should manage their position size well when participating in any trade and avoid going all in. Currently, we are in a continuous layout stage, and patiently waiting for confirmation signals would be a more prudent choice. Whether this wave of market can evolve into a trend reversal will depend on the volume performance in the coming days.
BTC0.43%
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0xLostKeyvip
· 22h ago
I'm also watching that position at 0.09; funds are really quietly entering the market, but I still have to wait for confirmation of volume before daring to increase my position.
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just_another_fishvip
· 12-23 03:56
It's the same old story again, capital inflow, bottom building, confirmation signals... it's getting repetitive to my ears, the key question is can it rise?
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MetaMaskedvip
· 12-23 03:50
It's time to wait for confirmation signals again, can 0.09 really break --- Capital inflow is indeed flowing in, but I still want to see the volume speak --- I've heard this bottoming and stabilizing rhetoric too many times, next time remind me not to go all in --- Well, there are indeed easy traps in the rebound opportunities for small and medium coins, patience is required --- Wait, is this time really different, or is it going to be another trap --- Hang in there, in a few days we'll know if it's a bull trap or a real rebound --- On-chain data is nice, but the key is whether it can break 0.09 --- Continued positioning is possible, but the position must be held, otherwise it will be another massacre
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