Just making a quick note: with a move like $JCT , where volume expands as the price breaks above its six-month high, I usually pay less attention to the day itself and more to the next day.
The reason is simple: everyone can see that volume was 2.3 times higher that day. What really matters is whether the price can generally hold above 0.00916 the next day. A failed breakout usually pulls back within a day or two.
The current price is 0.01017. I’ll make a note of it and check back in a couple of days. How would you interpret this?
I’m not saying I’m definitely right—make your own judgment.
The reason is simple: everyone can see that volume was 2.3 times higher that day. What really matters is whether the price can generally hold above 0.00916 the next day. A failed breakout usually pulls back within a day or two.
The current price is 0.01017. I’ll make a note of it and check back in a couple of days. How would you interpret this?
I’m not saying I’m definitely right—make your own judgment.