【$JCTUSDT】Long vs Short Battle Intensifies

$JCT On the four-hour level, the price has surged directly above the Bollinger Band upper track, with RSI skyrocketing to 79.86, showing clear signs of overbought conditions. This rally is purely an emotional release, with weak relay willingness from funds during regular intraday fluctuations. The one-hour volume has already pulled back from its peak, and the risk-reward ratio of chasing rallies at high levels is not favorable. The four-hour MACD histogram is still expanding, but price and one-hour RSI have already shown early signs of bearish divergence. Sell orders above are noticeably thickening starting from 0.00354. Short directly near current price of 0.00353, with stop loss placed above 0.00360. First target at 0.00320, second target at 0.00295.

Direction: Short
Entry/Pending Order: Around 0.00353
Stop Loss: 0.00360
Target 1: 0.00320
Target 2: 0.00295

Trade Management: Once price reaches the first target, you can move the stop loss down to entry price to lock in profits, with remaining positions targeting greater gains.

View Real-time Market 👇 $JCT
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