JCT- High Volume Long Setup 👀
Why I am looking for Long?
JCT shook the whole market today. Price is now at 0.002251, even after falling -35.20% in 24h, the 24h Volume is 216.06M USDT and 87.43B JCT has been traded.
That means sellers dumped, but buyers are coming back. This kind of high-volume dip often brings a strong bounce.
My Long Setup:
Entry Zone: 0.00220 - 0.00230
Stop Loss: Close below 0.00200
TP1: 0.00290
TP2: 0.00348 (24h High)
TP3: 0.0040
1. Strong bounce from 0.002005, now this is a strong support
2. Supertrend is at 0.001987, price is trading above it
3. Volume is high, means interest is coming back
4. Order Book shows 53.42% Buy side
Invalidation: If a 15m candle closes below 0.00200, the setup is failed, I will not long from there.
I am not using high leverage, low leverage with a spot mindset, because this is a volatile coin.
What do you think, will JCT go to 0.0040 or test 0.0020 first?$JCT
$AKE
$SOXL
NFA - DYOR
Why I am looking for Long?
JCT shook the whole market today. Price is now at 0.002251, even after falling -35.20% in 24h, the 24h Volume is 216.06M USDT and 87.43B JCT has been traded.
That means sellers dumped, but buyers are coming back. This kind of high-volume dip often brings a strong bounce.
My Long Setup:
Entry Zone: 0.00220 - 0.00230
Stop Loss: Close below 0.00200
TP1: 0.00290
TP2: 0.00348 (24h High)
TP3: 0.0040
1. Strong bounce from 0.002005, now this is a strong support
2. Supertrend is at 0.001987, price is trading above it
3. Volume is high, means interest is coming back
4. Order Book shows 53.42% Buy side
Invalidation: If a 15m candle closes below 0.00200, the setup is failed, I will not long from there.
I am not using high leverage, low leverage with a spot mindset, because this is a volatile coin.
What do you think, will JCT go to 0.0040 or test 0.0020 first?$JCT
$AKE
$SOXL
NFA - DYOR
