What an awful chart for $JCT ๐ตโ๐ซ๐คฎ It looks like a short setup ๐ฉธ
Weโre opening an aggressive scalping position โ๏ธ๐ฅ
ENTRY: 0.004788 โ 0.004820 โ 0.005236 ๐ Best entry (due to SL sweeps)
TARGETS: 0.004050 โ 0.003955 โ 0.003715 โ 0.003680
SL: 0.004923 - 0.05350
CLICK HERE TO OPEN A SHORT ๐ IN FUTURES ๐๐๐๐
PLEASE READ THE RISKS INVOLVEDโAND THEN READ THEM AGAIN ๐๐ฅ
First, market capitalization and open interest show consistent momentum. This means the rebound, or this candle, is driven by an investment of more than 10M. Even so, since it has such a low market cap and depends on a few holders, weโll likely see a rejection exactly where the SL is.
Now, that doesnโt mean it will fall in a straight line. Look at the chart for $Q or $AGT .
Youโll see that the lower the expectations for these coins, the worse they move. As if that werenโt enough, this coinโs funding rate favors shorts, so you can already see whatโs going on.
Weโre opening an aggressive scalping position โ๏ธ๐ฅ
ENTRY: 0.004788 โ 0.004820 โ 0.005236 ๐ Best entry (due to SL sweeps)
TARGETS: 0.004050 โ 0.003955 โ 0.003715 โ 0.003680
SL: 0.004923 - 0.05350
CLICK HERE TO OPEN A SHORT ๐ IN FUTURES ๐๐๐๐
PLEASE READ THE RISKS INVOLVEDโAND THEN READ THEM AGAIN ๐๐ฅ
First, market capitalization and open interest show consistent momentum. This means the rebound, or this candle, is driven by an investment of more than 10M. Even so, since it has such a low market cap and depends on a few holders, weโll likely see a rejection exactly where the SL is.
Now, that doesnโt mean it will fall in a straight line. Look at the chart for $Q or $AGT .
Youโll see that the lower the expectations for these coins, the worse they move. As if that werenโt enough, this coinโs funding rate favors shorts, so you can already see whatโs going on.