$JCT is showing exhaustion following a parabolic vertical surge, opening a clean opportunity to set up a short position.
Entry: 0.004250 – 0.004566
TPs: 0.004200 | 0.003900 | 0.003500
SL: Above 0.004950
Why Short?
The asset is running into heavy selling pressure after topping out at the 0.004850 resistance level.
Price action has begun to pull back to 0.004566 as momentum peaks following a massive run-up from the 0.001744 base.
On the 1-hour chart, the MACD histogram is starting to flatten out near its high points, while the RSI sits deeply stretched at 84.5. This signals severe overbought conditions that favor a swift move lower toward the 0.002955 demand level.
Entry: 0.004250 – 0.004566
TPs: 0.004200 | 0.003900 | 0.003500
SL: Above 0.004950
Why Short?
The asset is running into heavy selling pressure after topping out at the 0.004850 resistance level.
Price action has begun to pull back to 0.004566 as momentum peaks following a massive run-up from the 0.001744 base.
On the 1-hour chart, the MACD histogram is starting to flatten out near its high points, while the RSI sits deeply stretched at 84.5. This signals severe overbought conditions that favor a swift move lower toward the 0.002955 demand level.