$JCT A bull trap at the highs—every rebound is a shorting opportunity. Don’t be the last one left holding the bag.
Brothers, JCT’s price action has been incredibly deceptive. The price surged violently in a short time. Although it looks strong right now, clear signs of stalling at the highs have already emerged. Don’t let the green candles cloud your judgment and tempt you to chase the price. The risk-reward ratio is terrible at this point, and the big players could be ready to cash out at any moment.
Key levels and strategy
Keep a close eye on the resistance around 0.004, near the previous high. This is not only a psychological resistance level but also a zone where many holders may take profits. If the price reaches this level without enough volume, it will most likely form a double top or a false breakout.
Suggested approach: keep your hands off the buy button and don’t chase longs. Wait patiently for the price to rebound and test the resistance above. If it’s clearly rejected, that would be an excellent entry point for a short.
As long as the price fails to break above the previous high convincingly, a major pullback—or even a sharp crash—is highly likely. Shorting at that point could offer a very favorable risk-reward ratio.
These are just my personal thoughts and do not constitute investment advice.#瑞士批准首只比特币ETF
Brothers, JCT’s price action has been incredibly deceptive. The price surged violently in a short time. Although it looks strong right now, clear signs of stalling at the highs have already emerged. Don’t let the green candles cloud your judgment and tempt you to chase the price. The risk-reward ratio is terrible at this point, and the big players could be ready to cash out at any moment.
Key levels and strategy
Keep a close eye on the resistance around 0.004, near the previous high. This is not only a psychological resistance level but also a zone where many holders may take profits. If the price reaches this level without enough volume, it will most likely form a double top or a false breakout.
Suggested approach: keep your hands off the buy button and don’t chase longs. Wait patiently for the price to rebound and test the resistance above. If it’s clearly rejected, that would be an excellent entry point for a short.
As long as the price fails to break above the previous high convincingly, a major pullback—or even a sharp crash—is highly likely. Shorting at that point could offer a very favorable risk-reward ratio.
These are just my personal thoughts and do not constitute investment advice.#瑞士批准首只比特币ETF