$JCT is still trading below its key hourly moving averages, but the next move is not confirmed.
The 1H structure remains bearish. RSI has recovered slightly, while MACD momentum is only showing an early attempt to stabilize. Volume is also below its 20-candle average.
My focus is on whether a rebound gets rejected near dynamic resistance or buyers can reclaim the EMA20.
I would rather miss an entry than short after an extended decline.
Wait for price confirmation before taking a position
The 1H structure remains bearish. RSI has recovered slightly, while MACD momentum is only showing an early attempt to stabilize. Volume is also below its 20-candle average.
My focus is on whether a rebound gets rejected near dynamic resistance or buyers can reclaim the EMA20.
I would rather miss an entry than short after an extended decline.
Wait for price confirmation before taking a position