$JCT USDT — HEAVY SELLING PRESSURE
JCT is facing aggressive selling pressure after dropping 21.4% in just one hour. Trading volume surged 86.8% to $64.6M, while Open Interest increased 1.2%, suggesting fresh positions are entering during the decline. The LSR at 0.50 also indicates a derivatives positioning imbalance toward shorts.
Direction: SHORT — WAIT FOR RETEST
Current Price: $0.009507
Entry Zone: $0.00990–$0.01050
TP1: $0.00900
TP2: $0.00850
TP3: $0.00780
Stop Loss: $0.01120
Support: $0.00900 / $0.00850
Resistance: $0.01000 / $0.01080
Execution Plan: Avoid chasing the massive red candle. Wait for a relief bounce toward resistance and look for bearish rejection before considering a SHORT. A strong reclaim above $0.01080 could weaken the bearish setup.
Trade smart. Manage risk. Don't chase the dump.
Trade on $JCT
JCT is facing aggressive selling pressure after dropping 21.4% in just one hour. Trading volume surged 86.8% to $64.6M, while Open Interest increased 1.2%, suggesting fresh positions are entering during the decline. The LSR at 0.50 also indicates a derivatives positioning imbalance toward shorts.
Direction: SHORT — WAIT FOR RETEST
Current Price: $0.009507
Entry Zone: $0.00990–$0.01050
TP1: $0.00900
TP2: $0.00850
TP3: $0.00780
Stop Loss: $0.01120
Support: $0.00900 / $0.00850
Resistance: $0.01000 / $0.01080
Execution Plan: Avoid chasing the massive red candle. Wait for a relief bounce toward resistance and look for bearish rejection before considering a SHORT. A strong reclaim above $0.01080 could weaken the bearish setup.
Trade smart. Manage risk. Don't chase the dump.
Trade on $JCT
