【$JCT Signal】Pullback with multiple entries | Bollinger Band upper band under pressure, waiting for a deep retracement

$JCT RSI on 4H skyrocketed to 76.85, the Bollinger Band upper band at 0.0043 forms direct resistance.
Selling pressure is heavily stacked (bid_ask_ratio only 0.51), funding rate at 0.0645% is relatively high, short-term profit and loss ratio is extremely unfavorable.
The 1H MACD histogram turns negative, bullish momentum diminishes, chasing highs is likely to get trapped.
Objectively assessed, the current price offers only 0.03% profit potential to target 1, but the stop loss requires enduring a 22% drawdown, which is not a worthwhile trade.
Be patient and wait for the price to fall back to the suggested zone bottom around 0.00361 before considering long entries.
🎯Direction: Watch (place buy orders)
⚡Entry/Order: 0.00361 - 0.00370 (lower limit of suggested zone)
🛑Stop loss: 0.00328
🚀Target 1: 0.00425
🚀Target 2: 0.00458
🛡️Trade management: After reaching target 1, reduce position by 50%, move stop loss to break-even.
If the price falls back to the entry level, automatically exit to protect capital.
Depth logic: The 4H Bollinger Bands are opening upward but the price has already touched the upper band, indicating a significant short-term correction is needed.
Open interest remains stable, suggesting funds have not withdrawn, but the imbalance in depth hints at active sell orders from sellers, requiring time to digest the short-term selling pressure.
0.00361 is near EMA20_4h (0.0036) and also a previous high-volume trading zone, providing support and a potential battle zone.
Check real-time market 👇 $JCT
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