🔴 $JCT is showing signs of a weak recovery within a broader bearish market structure on the 4-hour timeframe. Despite gaining approximately 11.08%, the price is still trading below the major VWAP and MA(25) resistance levels. The Supertrend remains bearish at 0.012284 USDT, while the Parabolic SAR is also positioned well above the current price, confirming that the broader bearish pressure has not yet disappeared. RSI(6) is currently at 41.39, indicating that bullish momentum remains relatively weak. Additionally, OBV is declining, suggesting that buying pressure is not yet strong enough to confirm a genuine trend reversal. After the massive spike toward 0.021344 USDT and the subsequent sharp correction, JCT is consolidating near its recent lows. If the current recovery fails near resistance, another downward move toward 0.00500 USDT and potentially 0.00450 USDT could follow.

Entry: 0.00650 – 0.00720 USDT (SHORT on confirmed rejection)
Stop: 0.00860 USDT
Target: 0.00500 USDT - 0.00450 USDT

This is strictly my personal technical analysis based on the available 4-hour chart. Take my view only as an idea. Wait for proper bearish confirmation before entering any trade. Think for yourself, manage your risk carefully, and trade strictly at your own risk!

Only smart decisions win! 🎁💲

#JCTUpdate #JCTUSDT #BinancePick #CryptoSignals #AltcoinAnalysis