$JCT broke through the 0.004 level. There are two possible scenarios next:
① Retests 0.004 and holds → the level becomes support; the first target above is the 24-hour high of 0.00475.
② Falls back below 0.004 and fails to reclaim it → this looks more like a brief probe higher, so don't get attached to the trade.
I place more importance on how the first retest is absorbed.
#JCT
This content is for reference only. Make your own independent trading decisions.
① Retests 0.004 and holds → the level becomes support; the first target above is the 24-hour high of 0.00475.
② Falls back below 0.004 and fails to reclaim it → this looks more like a brief probe higher, so don't get attached to the trade.
I place more importance on how the first retest is absorbed.
#JCT
This content is for reference only. Make your own independent trading decisions.