๐ณ Where is the money going?
$JCT has fallen for 7 consecutive days, down a cumulative 46.22%.
In terms of market positioning, most of the money that bought in over the past few days is sitting on paper losses. If the price rebounds to around their cost basis, it may face selling pressure from investors looking to break even. The key question is whether big investors will step in to support the price at these lowsโif support is weak, the losing streak may continue.
Itโs temporarily up 0.5% today. Do you think itโll rise from here, or are you leaning bearish?
$JCT has fallen for 7 consecutive days, down a cumulative 46.22%.
In terms of market positioning, most of the money that bought in over the past few days is sitting on paper losses. If the price rebounds to around their cost basis, it may face selling pressure from investors looking to break even. The key question is whether big investors will step in to support the price at these lowsโif support is weak, the losing streak may continue.
Itโs temporarily up 0.5% today. Do you think itโll rise from here, or are you leaning bearish?
