Yesterday, I highlighted the danger around $JCT 's critical support zone of $0.0080–$0.0085.
And today, the market delivered exactly the weakness I was watching for!
$JCT lost that support and plunged to $0.00635, marking an approximately 25% decline from $0.0085.
But there's more to watch...
ON-CHAIN ALERT: KuCoin-linked wallets reportedly moved around 170M JCT tokens, worth approximately $1.13M, while additional tokens flowed into exchange wallets.
These movements don't automatically confirm selling, but they could increase potential selling pressure.
MY BEARISH GAME PLAN:
$0.0085–$0.0100: Major resistance zone.
Any recovery below this range could turn into another relief bounce.
A fresh breakdown may expose $JCT to even lower price levels.
I'm keeping my bearish bias until buyers reclaim the key resistance zone and confirm a trend reversal.
THE KEY IS TO STAY AHEAD OF THE MARKET, NOT CHASE THE MOVE!
Follow me for market warnings, high-conviction trade setups, and important opportunities.