Market Signal: Short Liquidation Activity
JCT has recorded a short liquidation of $1.0319K at $0.00494, indicating that some short positions were forced out around this level. This could create room for a bullish move if buying pressure continues. The $0.00494 area is the first level to monitor. A sustained move above it could bring $0.00510 into focus, followed by $0.00530 as the next potential target. Initial support sits around $0.00480, with stronger support near $0.00465. A failure to hold support could weaken the bullish outlook. Watch volume and price confirmation before considering the breakout valid.
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