Going long on JCT: entry matters more than direction
In the early hours of October 26, it wicked down from 0.0069 to 0.003891, a 44% drop. It’s now at 0.006536, already up 68% from the low.
52% of accounts are short, and the long/short ratio is 0.92—it looks like a short squeeze could be coming. But the funding rate is +0.0586%, which is positive. That means long positions are heavier: you pay the shorts, not the other way around.
24-hour trading volume is 496 million. It’s a new coin, so it’s much more volatile than major coins.
Wait for a pullback; don’t chase the current price.
Entry: 0.00620–0.00630
Stop-loss: 0.00590
First target: 0.00690
Second target: 0.00740
Position size: 10%
Chasing a long after a 68% rebound means you’re betting on the final leg up—and risking the whole move down.
$JCT #JCT #做多 #合约
In the early hours of October 26, it wicked down from 0.0069 to 0.003891, a 44% drop. It’s now at 0.006536, already up 68% from the low.
52% of accounts are short, and the long/short ratio is 0.92—it looks like a short squeeze could be coming. But the funding rate is +0.0586%, which is positive. That means long positions are heavier: you pay the shorts, not the other way around.
24-hour trading volume is 496 million. It’s a new coin, so it’s much more volatile than major coins.
Wait for a pullback; don’t chase the current price.
Entry: 0.00620–0.00630
Stop-loss: 0.00590
First target: 0.00690
Second target: 0.00740
Position size: 10%
Chasing a long after a 68% rebound means you’re betting on the final leg up—and risking the whole move down.
$JCT #JCT #做多 #合约
