📉 $JCT Bearish Reversal: Is the Rally Over?
The recent price action for Janction (JCT) is flashing a clear warning sign for bulls. After a strong push, the token hit a brick wall at the 0.00178 resistance zone. We are now seeing a decisive rejection, characterized by weakening momentum and a shifting market structure on the lower timeframes.
If $JCT remains unable to reclaim the 0.00175 level, the path of least resistance points toward a deeper pullback into previous support zones.
🔍 Technical Breakdown
* The Rejection: $JCT failed to break the overhead supply at 0.00178, leading to a "lower high" formation.
* Structure Shift: Early bearish candles suggest that buyers are exhausted, and profit-taking is accelerating.
* The Confirmation: Staying below the 0.00168–0.00175 entry zone validates the bearish continuation.
📉 Trade Strategy: SHORT $JCT
Targeting a mean reversion as the price seeks liquidity at lower levels.
* Entry Zone: 0.00168 – 0.00175 🔴
* Take Profit 1: 0.00155 🎯 (Immediate Support)
* Take Profit 2: 0.00142 🎯 (Structural Pivot)
* Take Profit 3: 0.00130 🎯 (Major Demand)
* Take Profit 4: 0.00115 🎯 (Ultimate Target)
* Stop Loss: 0.00190 ⛔ (Above recent rejection high)
💡 Risk Management Note
As we move into mid-February, altcoin volatility remains high. This setup relies on the resistance holding firm. Always use appropriate leverage and protect your capital—don't let a winning trade turn into a losing one by ignoring your stop loss.
What’s your take on $JCT? Are you shorting the rejection or waiting for a dip-buy? Let’s discuss below! 👇
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