Guys, I'm opening a BIG SHORT on $JCT here.
TP: $0.004000
SL: $0.011780 👇🏻
I think $JCT is about to face some serious selling pressure.
Just look at how aggressively it pumped from $0.0048 to almost $0.010. That's a massive move in such a short time, and now we're seeing a huge red candle right after the rally.
This is where things get interesting.
A lot of traders probably jumped in expecting the pump to continue, but what happens if buyers can't push it back above $0.010?
Those late buyers could start exiting, adding even more selling pressure.
I'm expecting a deeper correction here, possibly all the way back toward $0.004 if sellers take control.
Of course, the target is aggressive, and the market could still surprise us. That's why I'm keeping my SL above the recent highs.
I could be wrong, but I see more downside potential than upside here.
Let's see how this plays out.
TP: $0.004000
SL: $0.011780 👇🏻
I think $JCT is about to face some serious selling pressure.
Just look at how aggressively it pumped from $0.0048 to almost $0.010. That's a massive move in such a short time, and now we're seeing a huge red candle right after the rally.
This is where things get interesting.
A lot of traders probably jumped in expecting the pump to continue, but what happens if buyers can't push it back above $0.010?
Those late buyers could start exiting, adding even more selling pressure.
I'm expecting a deeper correction here, possibly all the way back toward $0.004 if sellers take control.
Of course, the target is aggressive, and the market could still surprise us. That's why I'm keeping my SL above the recent highs.
I could be wrong, but I see more downside potential than upside here.
Let's see how this plays out.
