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Technical Drill:
#JCT
JCT/USDT: Going long on open!
Entry logic:
The price has perfectly retraced to the blue support zone and touched the lower boundary of the ascending parallel channel. The reasonable correction has been completed, and the selling pressure is exhausted. Starting from this strong demand zone, I expect buyers to make a firm response and trigger a strong upward surge, as shown in my chart analysis. I am going long at the current price (0.003194).
My target levels:
Our trading range is from the lower to the upper boundary of the channel.
* Target 1: 0.004000 (break through the dashed midline of the channel and stabilize)
* Main target: 0.005000 (test the upper boundary and the liquidity pool above the weak high)
Trading plan:
To prevent random spike trading, I will set the stop loss at a safe distance below the lower boundary of the channel and the blue support zone (below 0.002500 horizontal level). We have already captured profits from the downward trend; now we aim to seize the upward trend. Position is ready, strictly follow risk control. Waiting for take profit!