From a positioning perspective: $JCT has fallen below the 0.0035 level.
There are often clusters of stop-loss orders just above and below levels like this, and major players love to take advantage of them: they may push the price below the level to trigger stops, then buy it back upโor genuinely drive it lower. To tell which is happening, watch which way trading volume around the level is skewed.
There are often clusters of stop-loss orders just above and below levels like this, and major players love to take advantage of them: they may push the price below the level to trigger stops, then buy it back upโor genuinely drive it lower. To tell which is happening, watch which way trading volume around the level is skewed.