For sure tomorrow is Unlock day 🤣
Post
--Bearish
Treder Expart
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$JCT — PRE-UNLOCK PUMP OR A SQUEEZE TRAP?
The $JCT token unlock is scheduled for November 10, and I suspect the current market setup could be a pre-unlock pump designed to trap late buyers.
Whales holding large long positions are sitting on massive unrealized profits, making the 0.2% funding rate a relatively small cost for them.
My strategy:
Monitor Open Interest (OI) closely.
Watch for funding rates to gradually decline.
Wait for signs of weakening bullish momentum before considering a short entry.
For now, I'll focus on capturing a small long trade while waiting for a better short opportunity.
Stay patient. Watch the data. Don't get trapped!
The $JCT token unlock is scheduled for November 10, and I suspect the current market setup could be a pre-unlock pump designed to trap late buyers.
Whales holding large long positions are sitting on massive unrealized profits, making the 0.2% funding rate a relatively small cost for them.
My strategy:
Monitor Open Interest (OI) closely.
Watch for funding rates to gradually decline.
Wait for signs of weakening bullish momentum before considering a short entry.
For now, I'll focus on capturing a small long trade while waiting for a better short opportunity.
Stay patient. Watch the data. Don't get trapped!