Update ๐ฅ ๐ ๐ฅ๐ Special analysis of $JCT /USDT โ Are we approaching the next breakout? ๐
After closely monitoring price action
Current price outlook
Upper liquidity zones (target resistance): A massive concentration is visible in the 0.0050โ0.00525 range, making it the market makerโs main target if momentum continues and breaks above the 0.00517 high.
If the price successfully breaks and a 1-hour candle closes firmly above the 0.00500โ0.00517 level with good volume, the upward move is expected to continue toward 0.0055 and beyond. ๐จ๐จ The purpose of this move is to liquidate short positions ๐จ๐จ Because the amounts are huge, theyโll get hit with a single candle, and then the coin will crash ๐ช๐
On the other hand
* Support and accumulation zones: If there is a pause or a corrective decline, lower liquidation liquidity and retest zones are concentrated around 0.00451 down to 0.00426, where there is a massive concentration of liquidity; they could extend to 0.0039 in the event of a deep correction.
๐ก In other words ๐๐จ Holding above the current support zones increases the chances of attacking the upper price wall to hit accumulated liquidity, while a break below support could take us into another lower accumulation phase. Watch the liquidity zones carefully and manage your risk wisely!
#CryptoLens #BinanceSquare #EarningsSeason
#JCT #CryptoAnalysis
After closely monitoring price action
Current price outlook
Upper liquidity zones (target resistance): A massive concentration is visible in the 0.0050โ0.00525 range, making it the market makerโs main target if momentum continues and breaks above the 0.00517 high.
If the price successfully breaks and a 1-hour candle closes firmly above the 0.00500โ0.00517 level with good volume, the upward move is expected to continue toward 0.0055 and beyond. ๐จ๐จ The purpose of this move is to liquidate short positions ๐จ๐จ Because the amounts are huge, theyโll get hit with a single candle, and then the coin will crash ๐ช๐
On the other hand
* Support and accumulation zones: If there is a pause or a corrective decline, lower liquidation liquidity and retest zones are concentrated around 0.00451 down to 0.00426, where there is a massive concentration of liquidity; they could extend to 0.0039 in the event of a deep correction.
๐ก In other words ๐๐จ Holding above the current support zones increases the chances of attacking the upper price wall to hit accumulated liquidity, while a break below support could take us into another lower accumulation phase. Watch the liquidity zones carefully and manage your risk wisely!
#CryptoLens #BinanceSquare #EarningsSeason
#JCT #CryptoAnalysis