$JCT Rally Stretching, Signs of Weakness Appearing ⚠️
Trading Plan: Short $JCT
Entry: 0.00470 – 0.00500
SL: 0.00540
TP1: 0.00430
TP2: 0.00390
TP3: 0.00350
Price has pushed up aggressively, but the momentum behind the move is starting to fade near this zone. The initial breakout showed strength, however follow-through is weakening and price action is becoming increasingly choppy.
Instead of clean continuation higher, price is now pressing into resistance without strong expansion a common sign of exhaustion after an extended move. When this kind of slowdown appears at the top of a push, it often signals that buyers are losing control and sellers may begin stepping back in.
If this structure holds, a pullback scenario becomes more likely from here.
$JCT
Trading Plan: Short $JCT
Entry: 0.00470 – 0.00500
SL: 0.00540
TP1: 0.00430
TP2: 0.00390
TP3: 0.00350
Price has pushed up aggressively, but the momentum behind the move is starting to fade near this zone. The initial breakout showed strength, however follow-through is weakening and price action is becoming increasingly choppy.
Instead of clean continuation higher, price is now pressing into resistance without strong expansion a common sign of exhaustion after an extended move. When this kind of slowdown appears at the top of a push, it often signals that buyers are losing control and sellers may begin stepping back in.
If this structure holds, a pullback scenario becomes more likely from here.
$JCT