$JCT The price fell 11.9% in 1 hour and is now 0.003003. There are two possible scenarios:
① It stabilizes and recovers the breakdown level → this was most likely a sentiment-driven sell-off.
② The rebound lacks strength and it breaks below the 24-hour low of 0.002707 → the downtrend may continue.
I’d personally wait to see how strong the first rebound is before making a judgment. Will the market turn around next?
#JCT
This is just my personal opinion, not investment advice.
① It stabilizes and recovers the breakdown level → this was most likely a sentiment-driven sell-off.
② The rebound lacks strength and it breaks below the 24-hour low of 0.002707 → the downtrend may continue.
I’d personally wait to see how strong the first rebound is before making a judgment. Will the market turn around next?
#JCT
This is just my personal opinion, not investment advice.
