$JCT Short Setup — After a Nearly 300% Rally, Is a Sharp Correction Next?
JCT has exploded almost 300% in 24 hours, and price is now pressing into a major resistance zone.
The short sell limit is placed at 0.01200, with a target of 0.00750 — a potential 37.5% drop from entry.
After such a vertical rally, a strong rejection near resistance could trigger heavy profit-taking and a sharp correction.
The bearish view hinges on rejection around 0.01200. A sustained breakout above that zone would weaken the setup.
Price is trading around 0.011023 on the chart (24h high 0.011895, 24h low 0.002512, up 298.48% in 24 hours).
Let's see how JCT reacts from here.
$JCT
JCT has exploded almost 300% in 24 hours, and price is now pressing into a major resistance zone.
The short sell limit is placed at 0.01200, with a target of 0.00750 — a potential 37.5% drop from entry.
After such a vertical rally, a strong rejection near resistance could trigger heavy profit-taking and a sharp correction.
The bearish view hinges on rejection around 0.01200. A sustained breakout above that zone would weaken the setup.
Price is trading around 0.011023 on the chart (24h high 0.011895, 24h low 0.002512, up 298.48% in 24 hours).
Let's see how JCT reacts from here.
$JCT
