đš 61% ARE SHORTING $JCT . AND THE MARKET ISN'T DONE YET?! đđ„
JCT exploded over 115% in 24 hours, reaching $0.004433!
But the price isn't even the most interesting part.
đ OPEN INTEREST KEEPS CLIMBING.
Over 6.2 BILLION JCT in open positions, while roughly 61% of accounts are positioned SHORT.
Someone is betting heavily against this move.
And someone else is taking the other side.
đ„ MY TAKE
This is exactly where blindly shorting a pump can become expensive.
I'm watching two levels:
đș $0.004433 â a breakout could trigger another wave higher.
đ» $0.00383 â losing this area would strengthen the correction scenario.
I'm not declaring a short squeeze. I'm watching whether the growing positions fuel another breakout or turn into a brutal unwind.
$JCT â IS THE REAL TRAP STILL AHEAD?
#JCTUSDT #JanctionEcosystem #Openinterest
JCT exploded over 115% in 24 hours, reaching $0.004433!
But the price isn't even the most interesting part.
đ OPEN INTEREST KEEPS CLIMBING.
Over 6.2 BILLION JCT in open positions, while roughly 61% of accounts are positioned SHORT.
Someone is betting heavily against this move.
And someone else is taking the other side.
đ„ MY TAKE
This is exactly where blindly shorting a pump can become expensive.
I'm watching two levels:
đș $0.004433 â a breakout could trigger another wave higher.
đ» $0.00383 â losing this area would strengthen the correction scenario.
I'm not declaring a short squeeze. I'm watching whether the growing positions fuel another breakout or turn into a brutal unwind.
$JCT â IS THE REAL TRAP STILL AHEAD?
#JCTUSDT #JanctionEcosystem #Openinterest