Post

$JCT Down 13.3% in 24 hours, with $173 million in trading volume unable to support the price—a classic high-volume decline. Don’t rush to buy the dip; check the plan first.


Entry: Take only a small position in the 0.0019-0.0020 range (enter only if it holds above today’s low), with a position size of ≤3%. Stop out immediately if it breaks below 0.0018; don’t hold on. First take-profit target: 0.0023 (near the 24-hour midpoint); second target: reduce the position near the previous high of 0.0025. If the rebound comes on low volume and trading volume shrinks below $100 million, skip the entry.
Bearish thesis: A high-volume bearish candle closing near the low means selling pressure has not fully eased; short-term rebounds are all chances to get out. There’s no hot narrative supporting it on-chain, just a sentiment-driven sell-off. Don’t use “it’s fallen a lot” as a reason.
I’m a discipline-first trader: I only take trades in the plan, and do nothing outside it. Follow me for follow-up price level analysis; I’ll post it in the group as soon as it’s available. #每周来晒 #Gate广场中秋团圆局
View Original
This page contains third-party content and does not constitute any advice, nor does it represent Gate's endorsement of such views. For details, please see disclaimer.
JCTJCT-3.26%

  • 1

Add a comment
Add a comment

Comment 1
FibWalker
That 0.0018 stop-loss level is interesting, sitting just below the 0.382 retracement. If it really breaks down, the next congestion zone is around 0.0015, the 0.5 level. But what I care about more is trading volume: 173 million dumped for a 13% drop indicates ample turnover, but if the rebound comes on declining volume, resistance will kick in around 0.0022 at the 0.618 level, so your 0.0023 target is actually pretty risky. Fibonacci isn't for predicting; it's for measuring where the pressure is. With this structure, the rebound is most likely a bull trap.