My younger cousin sent me a chart and asked if this was a bargain. I said, “Cut it out. JCTUSDT isn’t on sale—it’s a steel plate falling from the sky. Anyone who reaches out is going to get flattened.”
It’s already down 51%, and it still needs to halve again to reach the 0.002512 support. But there are 1.6 times as many long accounts as short ones, and everyone’s rushing to buy the dip. I reckon it’ll keep falling.
Honestly, I’m tempted to short it too, but my nerve isn’t even bigger than the trading fee. I’ll just sit back and watch.
#JCT #Binance Square
It’s already down 51%, and it still needs to halve again to reach the 0.002512 support. But there are 1.6 times as many long accounts as short ones, and everyone’s rushing to buy the dip. I reckon it’ll keep falling.
Honestly, I’m tempted to short it too, but my nerve isn’t even bigger than the trading fee. I’ll just sit back and watch.
#JCT #Binance Square