$JCT — Exhaustion is setting in after the parabolic run That's why I'm Short.
Short $JCT
Entry: 0.004050 - 0.004086
SL: 0.004350
TP1: 0.003800
TP2: 0.003600
TP3: 0.003400
Price has rallied over 15% in a vertical move, now showing signs of exhaustion near the 0.004427 high. The structure reveals a sharp rejection from the upper range, with sellers stepping in as momentum fades. Volume is starting to dry up on the upside, indicating the move is losing steam.
This setup offers a high-probability mean reversion trade with defined risk above the recent peak. The extended move is ripe for a pullback, with multiple downside targets aligning with key support levels from the previous structure.
Trade $JCT on Binance 👇
Short $JCT
Entry: 0.004050 - 0.004086
SL: 0.004350
TP1: 0.003800
TP2: 0.003600
TP3: 0.003400
Price has rallied over 15% in a vertical move, now showing signs of exhaustion near the 0.004427 high. The structure reveals a sharp rejection from the upper range, with sellers stepping in as momentum fades. Volume is starting to dry up on the upside, indicating the move is losing steam.
This setup offers a high-probability mean reversion trade with defined risk above the recent peak. The extended move is ripe for a pullback, with multiple downside targets aligning with key support levels from the previous structure.
Trade $JCT on Binance 👇