$JCT broke above its 60-day high (0.003137) on increased volume. Trading value was 5.1 times the 20-day average, and the current price is 0.003622.
A price breakout accompanied by increased volume often means buyers are willing to enter at higher prices, while selling pressure from holders trapped near the previous high is being absorbed.
Watch for two signs of confirmation: the daily close stays above 0.003137; and the price holds when it retests the previous high, which then becomes support.
A price breakout accompanied by increased volume often means buyers are willing to enter at higher prices, while selling pressure from holders trapped near the previous high is being absorbed.
Watch for two signs of confirmation: the daily close stays above 0.003137; and the price holds when it retests the previous high, which then becomes support.