$JCT | +38% rebound at strong resistance ⚠️
📊 Price 0.00346, just below today's high
🔸 Rose from 0.00251 to 0.00348 in one day
🔸 Price is hugging the daily EMA200, and daily volume is weak, so the rebound isn't confirmed
🔸 On the 4-hour chart, highs are descending, indicating a downtrend—and this is a rebound within it
🔸 RSI is overbought above 72 on the 15- and 5-minute charts, and funding is positive, meaning longs are crowded
🎯 Levels:
🔴 Resistance: 0.00348, then 0.00361, then 0.00399, then 0.00424
🟢 Support: 0.00341, then 0.00330, then 0.00317, then 0.00295, then 0.00251
⚖️ Trades:
🔴 Short: Rejection from 0.00350–0.00358 | Stop 0.00366 | Targets 0.00330, then 0.00317
🔴 Breakdown short: 1-hour close below 0.00295 | Stop 0.00310 | Targets 0.00255, then 0.00231
🟢 Long: Rebound from 0.00314–0.00318 | Stop 0.00304 | Targets 0.00348, then 0.00361
🟢 Breakout long: 1-hour close above 0.00361 | Stop 0.00343 | Targets 0.00399, then 0.00423
💡 Bias favors shorts, provided there is a clear rejection; selling pressure is confirmed below 0.00330. A 1-hour close above 0.00361 shifts the bias to long.
⚠️ Not financial advice | DYOR
#JCT #JCTUSDT #Binance
📊 Price 0.00346, just below today's high
🔸 Rose from 0.00251 to 0.00348 in one day
🔸 Price is hugging the daily EMA200, and daily volume is weak, so the rebound isn't confirmed
🔸 On the 4-hour chart, highs are descending, indicating a downtrend—and this is a rebound within it
🔸 RSI is overbought above 72 on the 15- and 5-minute charts, and funding is positive, meaning longs are crowded
🎯 Levels:
🔴 Resistance: 0.00348, then 0.00361, then 0.00399, then 0.00424
🟢 Support: 0.00341, then 0.00330, then 0.00317, then 0.00295, then 0.00251
⚖️ Trades:
🔴 Short: Rejection from 0.00350–0.00358 | Stop 0.00366 | Targets 0.00330, then 0.00317
🔴 Breakdown short: 1-hour close below 0.00295 | Stop 0.00310 | Targets 0.00255, then 0.00231
🟢 Long: Rebound from 0.00314–0.00318 | Stop 0.00304 | Targets 0.00348, then 0.00361
🟢 Breakout long: 1-hour close above 0.00361 | Stop 0.00343 | Targets 0.00399, then 0.00423
💡 Bias favors shorts, provided there is a clear rejection; selling pressure is confirmed below 0.00330. A 1-hour close above 0.00361 shifts the bias to long.
⚠️ Not financial advice | DYOR
#JCT #JCTUSDT #Binance