Okay, I have to talk about this one, because my group chat will not stop buzzing about it.
$JCT is down 51% in the last 24 hours and it's sitting at $0.00289 now. Half the people I know are calling it a discount, the other half are calling it a falling knife — and both sides sound very confident for a coin that just lost half its value in a day.
My rule with drops like this is simple: I don't chase the first bounce. I watch whether it can hold a level first. One green candle means nothing to me after a move like that.
$BTC meanwhile is just doing its own thing, which makes the $JCT chart look even wilder by comparison.
So what are you doing with this one — watching from the sidelines, or already waiting for a spot to step in?
#JCT
$JCT is down 51% in the last 24 hours and it's sitting at $0.00289 now. Half the people I know are calling it a discount, the other half are calling it a falling knife — and both sides sound very confident for a coin that just lost half its value in a day.
My rule with drops like this is simple: I don't chase the first bounce. I watch whether it can hold a level first. One green candle means nothing to me after a move like that.
$BTC meanwhile is just doing its own thing, which makes the $JCT chart look even wilder by comparison.
So what are you doing with this one — watching from the sidelines, or already waiting for a spot to step in?
#JCT
