$JCT V-SHAPED OVEREXTENSION: FADING THE 40% PUMP 🩸

First time analyzing Janction on the 4H timeframe. After a brutal drop down to 0.0032, the asset staged a massive 40% relief rally, but the momentum is clearly stalling near the 0.0057 resistance. The price is currently floating way above the MA10 and MA20 clusters, and the buying volume is starting to fade on this candle. This looks like a classic exhaustion trap for late buyers. I am stepping in to short the pullback.

Trading Ideas Short $JCT

Entry: 0.00555 - 0.00575

SL: 0.00600

TP1: 0.00534 (MA5)

TP2: 0.00475 (MA10)

TP3: 0.00466 (MA20)

trade $JCT here :👇