$JCT – Is the Dead Cat Bounce Over?
After its massive rally toward $0.020, $JCT has lost significant momentum. The chart is now showing lower highs and repeated selling pressure.
The recent small bounce failed to change the broader bearish structure. With sellers still dominating, another move lower could be possible.
SHORT SETUP
Entry: $0.007243 (Current CMP)
TP1: $0.006500
TP2: $0.005800
TP3: $0.005000
SL: $0.008500
I'm already positioned short, but the setup still needs careful monitoring. A move above $0.008500 would invalidate this trade idea.
Avoid going all-in. Manage your position size and protect your capital.
Trade $JCT Here
After its massive rally toward $0.020, $JCT has lost significant momentum. The chart is now showing lower highs and repeated selling pressure.
The recent small bounce failed to change the broader bearish structure. With sellers still dominating, another move lower could be possible.
SHORT SETUP
Entry: $0.007243 (Current CMP)
TP1: $0.006500
TP2: $0.005800
TP3: $0.005000
SL: $0.008500
I'm already positioned short, but the setup still needs careful monitoring. A move above $0.008500 would invalidate this trade idea.
Avoid going all-in. Manage your position size and protect your capital.
Trade $JCT Here
