🔢 Latest data: $JCT | Fell below the 0.0035 level
· What it means: The more frequently a price level is tested, the more weight it tends to carry in traders’ minds. But some say repeated tests can also weaken the resting orders there.
· Common interpretation: It’s not unusual for the price to break through a level and then fall back, so many people wait for the close to hold above it rather than chasing the move the moment it breaks through.
Keep enough margin for your futures positions—don’t let a single wick wipe them out.
#JCT
· What it means: The more frequently a price level is tested, the more weight it tends to carry in traders’ minds. But some say repeated tests can also weaken the resting orders there.
· Common interpretation: It’s not unusual for the price to break through a level and then fall back, so many people wait for the close to hold above it rather than chasing the move the moment it breaks through.
Keep enough margin for your futures positions—don’t let a single wick wipe them out.
#JCT