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$XTZ just ripped out of its range, but now the reaction around this breakout zone is starting to look different.
Price is cooling off toward the breakout level, buyers are ready to step back in, and if this area holds, I think the next leg can get aggressive fast.
Everyone has been trained to sell every pump.
That's exactly why I'm watching for the pullback that finally holds.
If 0.2800 holds as support, I want to see 0.3108 next, then 0.3300.
$JCT has been bleeding for hours, and now the reaction around this lower zone is starting to look different.
Price is failing to reclaim the broken level, sellers keep stepping in, and if this area holds as resistance, I think the next leg down can get aggressive fast.
Everyone has been trained to buy every dip.
That's exactly why I'm watching for the bounce that finally gets sold.
If 0.004987 holds as resistance, I want to see 0.003999 next, then 0.003308.