$JCT is approaching a supply overhang after a steady climb from the bottom.
Trading Plan Short $JCT
Entry: 0.00412 – 0.00414
SL: 0.00425
TP1: 0.00400
TP2: 0.00382
TP3: 0.00360
The bounce has reached a key resistance area where sellers have previously stepped in with confidence. The current price level is sitting beneath a cluster of overhead sell orders while buying momentum begins to wane. This setup increases the likelihood of a reversal toward the support levels below.
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