$JCT Setup | LONG
The 1H chart has shifted structure. We are seeing a classic rounded bottom with higher lows grinding up from 0.001704. The price is now consolidating right below the 0.00200 resistance. Momentum is clearly with the buyers on this timeframe.
Trade Plan
Direction: Long
Entry Zone: 0.001920 – 0.001945 (Retest of the yellow EMA)
Stop Loss: 0.001870 (Below the recent higher low and pink EMA)
TP1: 0.001986 (Immediate resistance)
TP2: 0.002050 (Breakout extension)
TP3: 0.002150 (Macro lower high)
Why This Makes Sense
• The chart shows a textbook sequence of higher lows. Buyers are stepping in earlier each time.
• The yellow EMA has crossed above the pink EMA and is acting as dynamic support. Price is holding above both.
• Volume is steady on the green candles, showing real accumulation, not a fakeout pump.
• The dip to 0.001704 was the liquidity flush. The slow grind up is the recovery phase.
Risk Note
The macro 4H trend is still technically down, so this is a counter-trend scalp. Do not marry this long. If price loses the pink EMA (around 0.001880), the bullish thesis is dead. Take profits at TP1 and move your stop to break-even.
