$JCT Analysis:
$JCT tapped strongly and was rejected from the resistance area at $0.0051122 - $0.0051606. Momentum is showing exhaustion after the rally, printing an upper rejection wick into supply. A clean 30M close below this zone confirms downside continuation.
Open Interest remains heavy at $21.64M with elevated funding (+0.0125%), leaving over-leveraged longs trapped into resistance and susceptible to a liquidation cascade.
🎯 Entry: $0.0050983 (Zone: $0.0051122 - $0.0051606)
🏆 Targets: TP1 $0.0034774 | TP2 $0.0028145 | TP3 $0.0018865
🛑 Invalidation: 30M candle close above $0.0052009
$JCT tapped strongly and was rejected from the resistance area at $0.0051122 - $0.0051606. Momentum is showing exhaustion after the rally, printing an upper rejection wick into supply. A clean 30M close below this zone confirms downside continuation.
Open Interest remains heavy at $21.64M with elevated funding (+0.0125%), leaving over-leveraged longs trapped into resistance and susceptible to a liquidation cascade.
🎯 Entry: $0.0050983 (Zone: $0.0051122 - $0.0051606)
🏆 Targets: TP1 $0.0034774 | TP2 $0.0028145 | TP3 $0.0018865
🛑 Invalidation: 30M candle close above $0.0052009