📊 $JCT Technical Analysis & Setup
Bearish momentum dominates the 1h structure following a 29.9% dump on heavy volume, pointing toward continuation rather than an immediate bottom.
• Key Support / Demand: 0.005226, 0.004978 (swing-low liquidity), and 0.003891
• Resistance / Supply Targets: 0.00615, 0.00677 (prior FVG/supply zone)
• Trigger / Confirmation: Reclaim-fail into supply with a clear 5-15m market-structure shift lower or pin rejection; avoid chasing direct spikes
• Risk / Invalidation: A 1h close above 0.008596 invalidates this bearish bias
• Market Execution: Open interest sits at $25.6M with positive funding, signaling potential squeeze into supply before further downside
DYOR — Educational setup, not financial advice.
#BinanceSquare #Crypto #JCT #Trading
Bearish momentum dominates the 1h structure following a 29.9% dump on heavy volume, pointing toward continuation rather than an immediate bottom.
• Key Support / Demand: 0.005226, 0.004978 (swing-low liquidity), and 0.003891
• Resistance / Supply Targets: 0.00615, 0.00677 (prior FVG/supply zone)
• Trigger / Confirmation: Reclaim-fail into supply with a clear 5-15m market-structure shift lower or pin rejection; avoid chasing direct spikes
• Risk / Invalidation: A 1h close above 0.008596 invalidates this bearish bias
• Market Execution: Open interest sits at $25.6M with positive funding, signaling potential squeeze into supply before further downside
DYOR — Educational setup, not financial advice.
#BinanceSquare #Crypto #JCT #Trading
