$JCT -minute decline of 3.92%, current price 0.002565. Two possible scenarios:
① Price holds sideways on lower volume and reclaims the start of the drop → this move looks more like a shakeout
② The rebound fails to reclaim that level and price breaks below the 24h low of 0.002512 → the downtrend is likely to continue
I’d personally wait to see how the signs of stabilization play out before making a call. What levels are you watching next?
#JCT
① Price holds sideways on lower volume and reclaims the start of the drop → this move looks more like a shakeout
② The rebound fails to reclaim that level and price breaks below the 24h low of 0.002512 → the downtrend is likely to continue
I’d personally wait to see how the signs of stabilization play out before making a call. What levels are you watching next?
#JCT
