JCT is moving fast, but I’d be careful chasing this candle. 👀
$JCT is trading around 0.00378 after a sharp daily breakout, backed by a noticeable volume spike.
Here’s what I’m watching:
Resistance: 0.00387, then 0.00441
Support: 0.00317
Major support: 0.00247
Price is now above the MA(7), MA(25), and MA(99), which gives the chart a stronger bullish look. But after such a sudden move, a pullback wouldn’t surprise me.
I’d rather see price hold its breakout than rush into a candle that has already made a big move.
$JCT is trading around 0.00378 after a sharp daily breakout, backed by a noticeable volume spike.
Here’s what I’m watching:
Resistance: 0.00387, then 0.00441
Support: 0.00317
Major support: 0.00247
Price is now above the MA(7), MA(25), and MA(99), which gives the chart a stronger bullish look. But after such a sudden move, a pullback wouldn’t surprise me.
I’d rather see price hold its breakout than rush into a candle that has already made a big move.