$JCT Market Update.
On the 1H timeframe, JCT has experienced a massive drop, and we've already made $2,000+ from this downward move.
However, I believe the price has now reached an important support level. If this support breaks, the price could move even lower. But if we get a bounce back from here, here's my plan:
Entry: 0.002640 – 0.003049
Target 1: 0.008721
Target 2: 0.011850
Stop Loss: 0.001289
I'm keeping the targets quite ambitious, so you can decide what percentage to close at each target. You may also close some of your position earlier if you prefer. Personally, I'll close 40% at the first target.
One more thing: this is a swing trade, so it may take some time to reach the targets. As always, wait for proper confirmation before entering.
On the 1H timeframe, JCT has experienced a massive drop, and we've already made $2,000+ from this downward move.
However, I believe the price has now reached an important support level. If this support breaks, the price could move even lower. But if we get a bounce back from here, here's my plan:
Entry: 0.002640 – 0.003049
Target 1: 0.008721
Target 2: 0.011850
Stop Loss: 0.001289
I'm keeping the targets quite ambitious, so you can decide what percentage to close at each target. You may also close some of your position earlier if you prefer. Personally, I'll close 40% at the first target.
One more thing: this is a swing trade, so it may take some time to reach the targets. As always, wait for proper confirmation before entering.
