JELLYJELLYUSDT: Bearish Rejection Keeps Downside Pressure IntactJELLYJELLYUSDT Perpetual ContractBYBIT:JELLYJELLYUSDT.PTradeAnalyzerProJELLYJELLYUSDT is struggling to break above a key resistance zone after a strong recovery rally. The recent price action shows buyers losing momentum, while sellers continue defending the current area, increasing the probability of a short-term pullback. As long as 0.05706 holds as resistance, the bearish scenario remains favored. A rejection from the current zone could send price toward 0.05504, while a decisive breakout above resistance would invalidate the setup and shift momentum back in favor of the bulls. Trade Setup Entry: 0.05629 Target: 0.05504 Stop Loss: 0.05706 I'll be watching for continued weakness and a confirmed rejection below resistance before expecting the next move lower. If sellers remain in control, the bearish continuation scenario stays valid, while a sustained break above resistance would cancel the setup.