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Nobody was looking at $JCT until this morning.
Look at that recovery off the $0.0022 floor. It’s up over 12% today and finally breaking out of that messy accumulation zone it’s been stuck in for the last week.
We’re hitting a bit of a wall right now at $0.0034. If you check the previous peaks, this area has been tough to clear. If we can close a daily candle above $0.0037, then the path to $0.0045 looks wide open.
Volume is starting to pick up which is a good sign, but the order book is looking a bit heavy on the sell side at the moment. I’d love to see a small retest of $0.0030 to confirm it as support before the next leg up.
Not chasing the green candle here, just watching how it reacts to this resistance. What are you guys doing? Holding or taking some profit?
#CryptoMarketsDipSlightly