🚨 $JCT — BIG SHORT WATCH. 📉
Remember the $0.020 level I highlighted? Price reached it, then got hammered.
From $0.0213 to $0.0084 — nearly 61% erased.
Now, $0.0080–$0.0085 is under pressure. Lose that support, and another sharp leg down could follow.
My bias remains bearish. Until $JCT reclaims and holds $0.0100, any bounce looks vulnerable to renewed selling.
Watching for a failed bounce or a confirmed breakdown. The drop alone isn’t a reason to chase a short. 🐻
Remember the $0.020 level I highlighted? Price reached it, then got hammered.
From $0.0213 to $0.0084 — nearly 61% erased.
Now, $0.0080–$0.0085 is under pressure. Lose that support, and another sharp leg down could follow.
My bias remains bearish. Until $JCT reclaims and holds $0.0100, any bounce looks vulnerable to renewed selling.
Watching for a failed bounce or a confirmed breakdown. The drop alone isn’t a reason to chase a short. 🐻
