$JCT Short Setup Looks Interesting Here👇
Short Entry: $0.00400 - $0.00415
🎯 TP 1: $0.00370
🎯 TP 2: $0.00335
🎯 TP 3: $0.00295
🛑 Stop Loss: $0.00455
After a strong rebound from 0.0023 → 0.0047, momentum now looks weaker while taker sell pressure starts dominating again.
ANALYSIS:
Recent candles show rejection from the local high near 0.0047 while aggressive sell volume appeared around 08:15. That spike in taker sell volume usually signals larger traders distributing into late buyers.
Open Interest also expanded heavily during the rally, which tells me positioning became crowded fast. At the same time, basis has started turning negative — a sign bullish momentum is cooling down.
Funding is still positive, meaning many traders remain long and could become fuel for downside liquidation if support breaks.
What I’m watching:
• inability to reclaim 0.0042
• continued negative basis
• rising sell pressure
• weak bounce attempts
As long as price stays below the local rejection zone, probability favors a cooldown move rather than immediate continuation.
High volatility setup — manage risk carefully.
🚫 DYOR
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