【$JCT】Short position, RSI overheated / Buying pressure breakdown / Distribution at high levels


$JCT RSI surged to 82.8, with buying momentum severely exhausted. At the 4-hour level, the price broke above the upper band of the Bollinger Bands, but the latest 1-hour trading volume has shrunk, and the proportion of active buy orders has decreased to 0.55, indicating a clear weakening of capital-driven buying. Selling pressure above 0.002587 has accumulated nearly 7.5 million units, creating heavy selling pressure. Chasing the high at this level results in an unfavorable risk-reward ratio.
🎯Direction: Short 🚀Target: 0.002200 ⚡Entry: 0.002580 - 0.002590 🛑Stop Loss: 0.002650
Build positions gradually; rebounds are opportunities to add to your positions.

View real-time market data 👇 $JCT
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