24-hour trading volume of $10.7 million, $JCT pumped from 0.0042 to 0.0052 and hasn't stopped yet. What does this turnover rate mean? The whales haven't distributed, and retail investors are blindly chasing.

Don't ask me if you can chase. My plan only goes to the stop loss level. At 0.0052, above 0.0055 is the previous high resistance zone. If it can break through with volume, the next target is 0.006. But this current gain of 22% has no pullback, which is a classic pump and short squeeze. If you enter now, your cost is 23% higher than the 24-hour low. The profit-taking positions inside could cash out at any time.
My trading plan: Enter with a light position of 10% at current price 0.0052. Don't go heavy. Set stop loss at 0.0048. If it breaks below, exit without hesitation. First take profit at 0.0058, reduce half position when reached; second take profit at 0.0062, clear all. Control position size, don't exceed 10%, because although today's volume is large, the price is too far from the 24-hour low, and the volatility risk is high.
Honestly, for this kind of explosive pump coin, I prefer to wait for a pullback to around 0.0046 before considering adding to my position. If it can hold 0.005 without breaking tomorrow, it shows the whales have stable control. Then we can consider moving stop loss to 0.0049 and try adding. Remember, volume increase is not a reason to buy; volume increase with price stability is. Looking at the order book, sell orders are piled up at 0.0053-0.0054, buy orders are thin around 0.005, short-term biased towards a rise then fall.
Personal experience: In crypto, when a coin surges over 20% rapidly, either wait for a pullback or use a small position to bet on a breakout. I can't give you psychological comfort. If your account is wiped out, it's wiped out. At this level, either follow the plan to take a small position for the middle of the move, or stay empty and continue waiting for a better entry point.
No trades outside the plan.