$JCT SPIKES TO LOCAL RESISTANCE — SHORT SETUP 📉🔥
🔴 SHORT
Entry Range: $0.0060–$0.0072
Stop Loss: $0.0086
TP1: $0.0050
TP2: $0.003116
TP3: $0.001243
JCT has printed a massive 163.45% daily expansion, surging up to test resistance near $0.008261 while currently trading around $0.006884. For me, the key is whether bears can defend this upper supply zone and drive price lower toward macro support.
I’m looking for a continued corrective pullback while JCT remains capped below resistance. A sustained breakdown from this region could push price toward $0.0050 first, followed by $0.003116 at the risk-free level, and eventually the primary support floor marked at $0.001243.
After such an extreme vertical expansion, I’m definitely not treating it like a free-money trade 😅. Volatility can be brutal on momentum reversals, so I’d rather manage position size and respect risk instead of shorting recklessly with high leverage.
As long as price stays capped under resistance, my bias favors further downside. Above $0.0086, the setup is invalidated for me.
Now let’s see if JCT completes this correction back to the lower support zone 📉🔥
$ORDER
$ZEC
🔴 SHORT
Entry Range: $0.0060–$0.0072
Stop Loss: $0.0086
TP1: $0.0050
TP2: $0.003116
TP3: $0.001243
JCT has printed a massive 163.45% daily expansion, surging up to test resistance near $0.008261 while currently trading around $0.006884. For me, the key is whether bears can defend this upper supply zone and drive price lower toward macro support.
I’m looking for a continued corrective pullback while JCT remains capped below resistance. A sustained breakdown from this region could push price toward $0.0050 first, followed by $0.003116 at the risk-free level, and eventually the primary support floor marked at $0.001243.
After such an extreme vertical expansion, I’m definitely not treating it like a free-money trade 😅. Volatility can be brutal on momentum reversals, so I’d rather manage position size and respect risk instead of shorting recklessly with high leverage.
As long as price stays capped under resistance, my bias favors further downside. Above $0.0086, the setup is invalidated for me.
Now let’s see if JCT completes this correction back to the lower support zone 📉🔥
$ORDER
$ZEC