🐋 $JCT broke below the 0.0115 level, where limit orders and stop-losses are usually most concentrated.
After a break below this level, long positions’ stop-losses underneath can easily be triggered in a cascade, accelerating the sell-off. But if large buyers step in at lower levels, the price could also rebound above the level.
Do you think the market overreacted?

For reference only; not investment advice.