JCT tanked today from above 0.0041 to around 0.00328, marking a sharp 14.5% drop, which stands out in this low-volume environment. The question is whether we've hit peak panic at this level.
With trading volume nearing 1 billion coins and turnover rate already decent, the price hasn't stabilized at these lows. If 0.00328 can't hold as solid support, the next psychological level might be around 0.003. The long/short ratio is currently heavily skewed towards bears; once the big players start to reload, the bounce from this oversold territory could be significant.
From a rational perspective, this isn't the best spot to short, but don’t rush to catch the falling knife either. It’s wiser to wait for the price to consolidate in the 0.0032~0.0033 range with low volume before making any directional calls.
#超跌反弹 #JCT
With trading volume nearing 1 billion coins and turnover rate already decent, the price hasn't stabilized at these lows. If 0.00328 can't hold as solid support, the next psychological level might be around 0.003. The long/short ratio is currently heavily skewed towards bears; once the big players start to reload, the bounce from this oversold territory could be significant.
From a rational perspective, this isn't the best spot to short, but don’t rush to catch the falling knife either. It’s wiser to wait for the price to consolidate in the 0.0032~0.0033 range with low volume before making any directional calls.
#超跌反弹 #JCT