#janctionecosystem
janctionecosystem
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🚨 61% ARE SHORTING $JCT . AND THE MARKET ISN'T DONE YET?! 😈🔥
JCT exploded over 115% in 24 hours, reaching $0.004433!
But the price isn't even the most interesting part.
👀 OPEN INTEREST KEEPS CLIMBING.
Over 6.2 BILLION JCT in open positions, while roughly 61% of accounts are positioned SHORT.
Someone is betting heavily against this move.
And someone else is taking the other side.
💥 MY TAKE
This is exactly where blindly shorting a pump can become expensive.
I'm watching two levels:
🔺 $0.004433 — a breakout could trigger another wave higher.
🔻 $0.00383 — losing this area would strengthen the correction scenario.
I'm not declaring a short squeeze. I'm watching whether the growing positions fuel another breakout or turn into a brutal unwind.
$JCT — IS THE REAL TRAP STILL AHEAD?
{future}(JCTUSDT)
#JCTUSDT #JanctionEcosystem #Openinterest
🚨 61% ARE SHORTING $JCT . AND THE MARKET ISN'T DONE YET?! 😈🔥
JCT exploded over 115% in 24 hours, reaching $0.004433!
But the price isn't even the most interesting part.
👀 OPEN INTEREST KEEPS CLIMBING.
Over 6.2 BILLION JCT in open positions, while roughly 61% of accounts are positioned SHORT.
Someone is betting heavily against this move.
And someone else is taking the other side.
💥 MY TAKE
This is exactly where blindly shorting a pump can become expensive.
I'm watching two levels:
🔺 $0.004433 — a breakout could trigger another wave higher.
🔻 $0.00383 — losing this area would strengthen the correction scenario.
I'm not declaring a short squeeze. I'm watching whether the growing positions fuel another breakout or turn into a brutal unwind.
$JCT — IS THE REAL TRAP STILL AHEAD?
#JCTUSDT #JanctionEcosystem #Openinterest
JCT exploded over 115% in 24 hours, reaching $0.004433!
But the price isn't even the most interesting part.
👀 OPEN INTEREST KEEPS CLIMBING.
Over 6.2 BILLION JCT in open positions, while roughly 61% of accounts are positioned SHORT.
Someone is betting heavily against this move.
And someone else is taking the other side.
💥 MY TAKE
This is exactly where blindly shorting a pump can become expensive.
I'm watching two levels:
🔺 $0.004433 — a breakout could trigger another wave higher.
🔻 $0.00383 — losing this area would strengthen the correction scenario.
I'm not declaring a short squeeze. I'm watching whether the growing positions fuel another breakout or turn into a brutal unwind.
$JCT — IS THE REAL TRAP STILL AHEAD?
#JCTUSDT #JanctionEcosystem #Openinterest
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Article
Will JCT Pump Next Month? I’m Bullish, but 2.98 Billion Tokens Just Entered KuCoinJCT has nearly tripled since the start of October, rising from 0.001746 at the beginning of the month to 0.00694 now. My take: the real pump is about to begin in November.
But something major happened on-chain over the past two days, and I need to clarify it first: the six wallets I’ve repeatedly said had “not moved a single token,” along with another nine wallets, deposited a total of 2.98 billion JCT into KuCoin in the early hours of October 25.
Here’s the bottom line:
· I’m bullish on November: big players in the futures market are heavily positioned long, with an average cost around 0.0048. Retail traders are 60% short, so there’s still fuel for a rally.
· But overhead, there are 2.98 billion tokens that just entered exchanges, plus the November 10 unlock.
Will JCT Pump Next Month? I’m Bullish, but 2.98 Billion Tokens Just Entered KuCoin
JCT has nearly tripled since the start of October, rising from 0.001746 at the beginning of the month to 0.00694 now. My take: the real pump is about to begin in November.
But something major happened on-chain over the past two days, and I need to clarify it first: the six wallets I’ve repeatedly said had “not moved a single token,” along with another nine wallets, deposited a total of 2.98 billion JCT into KuCoin in the early hours of October 25.
Here’s the bottom line:
· I’m bullish on November: big players in the futures market are heavily positioned long, with an average cost around 0.0048. Retail traders are 60% short, so there’s still fuel for a rally.
· But overhead, there are 2.98 billion tokens that just entered exchanges, plus the November 10 unlock.
But something major happened on-chain over the past two days, and I need to clarify it first: the six wallets I’ve repeatedly said had “not moved a single token,” along with another nine wallets, deposited a total of 2.98 billion JCT into KuCoin in the early hours of October 25.
Here’s the bottom line:
· I’m bullish on November: big players in the futures market are heavily positioned long, with an average cost around 0.0048. Retail traders are 60% short, so there’s still fuel for a rally.
· But overhead, there are 2.98 billion tokens that just entered exchanges, plus the November 10 unlock.
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