$JCT 5-minute decline of 2.37%, current price 0.009626. There are two possible scenarios ahead:
① If it consolidates on lower volume and recovers the breakdown level → this move was most likely a shakeout
② If the rebound is weak and it falls below the 24h low of 0.00737 → the downtrend will most likely continue
Personally, I’d wait to see signs of stabilization before making a judgment. Will the market change direction next?
#JCT
① If it consolidates on lower volume and recovers the breakdown level → this move was most likely a shakeout
② If the rebound is weak and it falls below the 24h low of 0.00737 → the downtrend will most likely continue
Personally, I’d wait to see signs of stabilization before making a judgment. Will the market change direction next?
#JCT