🚨 Dead cat bounce confirmed. #JCT is setting up for another flush 💀
$JCT — Pumped to 0.0213, then nuked to 0.0057. Now bouncing to 0.0082. RSI 61 looks neutral, but this is just liquidity being grabbed before the next leg down.
Late longs are trapped. If it loses 0.0067 (EMA7), expect a violent drop back to 0.0055.
I'm waiting for the rejection here to short it.
#CryptoDropbit
$JCT — Pumped to 0.0213, then nuked to 0.0057. Now bouncing to 0.0082. RSI 61 looks neutral, but this is just liquidity being grabbed before the next leg down.
Late longs are trapped. If it loses 0.0067 (EMA7), expect a violent drop back to 0.0055.
I'm waiting for the rejection here to short it.
#CryptoDropbit
