$JCT USDT – Heavy Selling Pressure, Bears in Control
JCT has dropped 20.8% in the last hour, with volume surging 102% to $10.9M. Trading activity is elevated, but Open Interest is down 3.5%, suggesting long positions may be getting closed during the sell-off. Bears currently have the advantage.
Key Levels:
Support: $0.00330 – $0.00320
Resistance: $0.00365 – $0.00380
Breakdown Target: $0.00300
Recovery Target: $0.00400
Trade Outlook: A sustained move below $0.00330 could trigger another leg down. A reclaim of $0.00380 may signal a short-term recovery.
Watch for confirmation before entering. Avoid chasing the move.
Trade on $JCT
JCT has dropped 20.8% in the last hour, with volume surging 102% to $10.9M. Trading activity is elevated, but Open Interest is down 3.5%, suggesting long positions may be getting closed during the sell-off. Bears currently have the advantage.
Key Levels:
Support: $0.00330 – $0.00320
Resistance: $0.00365 – $0.00380
Breakdown Target: $0.00300
Recovery Target: $0.00400
Trade Outlook: A sustained move below $0.00330 could trigger another leg down. A reclaim of $0.00380 may signal a short-term recovery.
Watch for confirmation before entering. Avoid chasing the move.
Trade on $JCT
