$JCT 💔 Massive Sell-Side Volume on
$JCT at 3.1x
- Given the massive volume spike and sharp drop, this move looks like a classic liquidity event — smart money may be clearing out weak hands, but the heavy selling could continue if support levels fail.
- My expectation is for more volatility: if the price closes below 0.003416 and shows no strong reversal, further downside toward 0.003388 and 0.003273 is likely.
- For a short setup, consider entry on a failed attempt to reclaim 0.003592, with take profits at 0.003388 and 0.003273. Wait for confirmation such as a bearish engulfing candle or a failed retest of broken support.
- For a long setup, only consider entering if there is a clear manipulation wick below 0.003416, followed by a strong recovery and bullish reversal signs on the 5m or 1m chart. Take profit at 0.003525 and possibly 0.003592, with stop-loss below the swing low at 0.003416.
- If price starts consolidating above 0.003592, my bias shifts to neutral/bullish for a move toward 0.003666 and possibly 0.003834.
- Remember, always wait for confirmation — don’t jump in just because of a large volume spike! Watch for reversal or continuation patterns and let the market prove its intent before committing.
📝 This is not investment advice, just an educational analysis to help guide your understanding. Trade safe! 🚦
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