After hitting a new $JCT 60-day high, there are roughly three ways things could go next:
① It pulls back to 0.003137 and holds, turning the previous high into support; ② It consolidates at a high level as traders change hands, with volume gradually tapering off; ③ It falls back below 0.003137, making this a false breakout.
The current price is 0.003796, still above the previous high, so it’s too early to tell which scenario is playing out. Trading volume is 5 times the 20-day average, so whether it stays elevated will be key.
What signal would you need to see before making a move?
#JCT
① It pulls back to 0.003137 and holds, turning the previous high into support; ② It consolidates at a high level as traders change hands, with volume gradually tapering off; ③ It falls back below 0.003137, making this a false breakout.
The current price is 0.003796, still above the previous high, so it’s too early to tell which scenario is playing out. Trading volume is 5 times the 20-day average, so whether it stays elevated will be key.
What signal would you need to see before making a move?
#JCT