🐋 $JCT broke through the 0.0025 level. Areas around key levels are often where pending orders and stop-losses are most concentrated.
Once it moves above, short positions’ stop-losses above the level can easily get swept up all at once, triggering a rapid move higher. But if volume doesn’t follow through, it can just as easily be pushed back below the level.
How would you trade it?
#JCT
Just a market update—please make your own trading decisions.
Once it moves above, short positions’ stop-losses above the level can easily get swept up all at once, triggering a rapid move higher. But if volume doesn’t follow through, it can just as easily be pushed back below the level.
How would you trade it?
#JCT
Just a market update—please make your own trading decisions.