【$JCT Signal】Waiting for a pullback to go long, 4H breakout above upper band followed by consolidation at high levels

$JCT 1H RSI soared to 79.34, 4H Bollinger Band upper band at 0.0035 was strongly broken, current price is close to 1H upper band at 0.0037. Trading volume reached 515 million during the 1H candle at 10:00, after the buying pressure was released, subsequent volume shrank, and the funding rate remains steady at 0.0050%. The depth buy-sell ratio of 0.93 indicates moderate buying support at high levels, with short-term profit-taking needs.
🎯Direction: Long (waiting for a pullback to place orders)
⚡Entry/Order: 0.003307 - 0.003665 (range orders)
🛑Stop loss: 0.003280
🚀Target 1: 0.003360
🚀Target 2: 0.003386
🛡Trade management: - Reduce position by 50% after reaching Target 1, move stop loss to break-even. If the price falls below 0.003280 after entry, exit unconditionally. The risk-reward ratio is only reasonable when placing orders at the lower end of the range; chasing longs at high levels carries high risk.
The 4H MACD histogram is still expanding, indicating the medium-term bullish structure is intact, but the 1H RSI has reached overbought territory, and a short-term correction is inevitable. Stable open interest suggests funds have not withdrawn significantly, and waiting for a thorough shakeout before a second rally is more prudent.
Check real-time market 👇 $JCT
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