From a cost-basis perspective:
$JCT broke above 0.00916, reaching a six-month high. At the moment of the breakout, anyone who had bought in the past 180 days was sitting on unrealized gains.
At this point, trading volume rose to 2.3 times the daily average. New money was buying, while holders looking to break even were using the opportunity to exit. Which side can hold out better depends on whether buyers are still there during a pullback.
#JCT
Just chatting—this is not financial advice.
$JCT broke above 0.00916, reaching a six-month high. At the moment of the breakout, anyone who had bought in the past 180 days was sitting on unrealized gains.
At this point, trading volume rose to 2.3 times the daily average. New money was buying, while holders looking to break even were using the opportunity to exit. Which side can hold out better depends on whether buyers are still there during a pullback.
#JCT
Just chatting—this is not financial advice.