Data at a glance: $JCT | Drops below the 0.0044 level
Definition: The longer it has been since the price last reached this level, the more likely the position structure around it has changed. Previous support and resistance may no longer hold.
How to read it: When the price returns to a level after a long time, people who entered around that level may sell to break even or add to their positions, so trading activity often becomes concentrated.
Don’t chase trades during the most volatile minutes. Wait for the price to stabilize before deciding.
#JCT
Definition: The longer it has been since the price last reached this level, the more likely the position structure around it has changed. Previous support and resistance may no longer hold.
How to read it: When the price returns to a level after a long time, people who entered around that level may sell to break even or add to their positions, so trading activity often becomes concentrated.
Don’t chase trades during the most volatile minutes. Wait for the price to stabilize before deciding.
#JCT