$JCT / USDT – Long Liquidation Tests Bullish Confidence
JCT recorded a $1.7525K long liquidation at $0.00677. This suggests that leveraged buyers were forced to close positions, potentially adding selling pressure near this level. Traders should watch for stabilization before expecting a recovery.
Potential Entry Zone: $0.00672–$0.00680
Upside Targets: $0.00686 / $0.00696
Downside Targets: $0.00668 / $0.00658
Protective Stop-Loss: Below $0.00667 for a long setup
Short-Term Bias: Neutral to bearish
A move above $0.00680 could signal improving momentum. If JCT falls below support, sellers may continue to dominate the short-term price action.
#EarningsSeason
#BinancePick
#DowDrops653Points
JCT recorded a $1.7525K long liquidation at $0.00677. This suggests that leveraged buyers were forced to close positions, potentially adding selling pressure near this level. Traders should watch for stabilization before expecting a recovery.
Potential Entry Zone: $0.00672–$0.00680
Upside Targets: $0.00686 / $0.00696
Downside Targets: $0.00668 / $0.00658
Protective Stop-Loss: Below $0.00667 for a long setup
Short-Term Bias: Neutral to bearish
A move above $0.00680 could signal improving momentum. If JCT falls below support, sellers may continue to dominate the short-term price action.
#EarningsSeason
#BinancePick
#DowDrops653Points