🚨 $JCT SHORT SETUP — RELIEF RALLY HITTING RESISTANCE. 👀
$JCT is up around 24.80% today, but the 15m chart is showing a different picture. Price pushed into resistance, formed a lower high, and remains below the $0.008491 daily high.
We're watching whether this bounce loses momentum and sellers regain control. The rejection is worth noting, but downside continuation still needs confirmation.
Levels to watch:
Entry Zone: $0.006506–$0.006725
TP1: $0.005800
TP2: $0.005200
TP3: $0.004571
Invalidation: $0.007541
The key is whether the lower-high structure holds. A move above $0.007541 would invalidate this bearish scenario. 🫡
$JCT is up around 24.80% today, but the 15m chart is showing a different picture. Price pushed into resistance, formed a lower high, and remains below the $0.008491 daily high.
We're watching whether this bounce loses momentum and sellers regain control. The rejection is worth noting, but downside continuation still needs confirmation.
Levels to watch:
Entry Zone: $0.006506–$0.006725
TP1: $0.005800
TP2: $0.005200
TP3: $0.004571
Invalidation: $0.007541
The key is whether the lower-high structure holds. A move above $0.007541 would invalidate this bearish scenario. 🫡
