$JCT 5 minutes: plunged 2.39%, with the current price at 0.003958 and a 24-hour range of 0.00375–0.005174.
Signals are more reliable when multiple timeframes point in the same direction. Be more cautious when shorter and longer timeframes diverge.
Sharp declines often come with a wave of liquidations of leveraged long positions. Once those positions are cleared out, a technical rebound may sometimes follow.