【$JCT Signal】Short squeeze relay, buy on 1H pullback

$JCT The 1H timeframe has experienced a massive rally and is now consolidating strongly at high levels. A single towering bullish candle on the 4H chart has established an upward trend. Although the current RSI indicates overbought conditions, the open interest remains stable and the funding rate is as high as 0.1%, indicating that the short squeeze pattern is still ongoing, and the main force has not exited the market. The price pulling back to the EMA20 on the 1-hour chart is an excellent opportunity to re-enter.

🎯Direction: Long

⚡Entry/Order: 0.001764 - 0.001804

🛑Stop Loss: 0.001698

🚀Target 1: 0.002150

🚀Target 2: 0.002350

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move the stop loss to the entry price. Hold the remaining position to aim for Target 2. If the price strongly breaks above the previous high of 0.002258, continue to hold and observe.

(Depth Logic: Over the past 4 hours, trading volume has exploded, with the price soaring nearly 30%, indicating strong involvement of main capital. Although the order book depth near the current price appears somewhat thin, there is a large accumulation of buy orders in the 0.00205-0.00206 range, forming a strong support. The high funding rate suggests that bears are still forced to pay costs, and a slight pause in price could easily trigger a new round of short squeeze upward movement. )

View real-time market 👇 $JCT

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