【$JCT Signal】Long! 1H strong breakout, capital inflow drives short squeeze

$JCT The 1H level just completed a volume breakout, the price stabilized above EMA20 and hit a new high, showing strong momentum. The 4H candle is a huge bullish candle establishing an upward trend. Although RSI is overbought, ongoing capital inflow is pushing the short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: 0.001780 - 0.001785 (Reason: Currently in a strong zone, retesting 1H EMA20 support and breakout platform )

🛑Stop Loss: 0.001720 (Reason: Break below the previous low on 1H and ATR lower band to protect capital )

🚀Target 1: 0.001850 (Reason: Previous high resistance and psychological level )

🚀Target 2: 0.001920 (Reason: Based on recent rally’s 1.618 Fibonacci extension )

🛡️Trade Management:

- Position suggestion: Light position (Reason: RSI is overbought, volatility is high, beware of quick pullback )

- Execution strategy: When price reaches 0.001850, reduce position by 50% to lock in profits, and move the remaining stop loss up to entry price 0.001785. If the price strongly breaks through 0.001850 and stabilizes, consider targeting 0.001920 for the remaining position.

Deep logic: Over the past 4 hours, open interest (OI) has remained stable, while price surged over 20%, a typical short squeeze feature. Market depth shows bid strength far exceeds ask, with a depth imbalance of 10.05%, indicating strong support below. 1H RSI is as high as 81, indicating extreme overbought conditions, but combined with a funding rate of 0.0486% and a recent buy/sell ratio of 0.58, buyers still hold the advantage, and short-term momentum may continue. The key risk is RSI being too high, so any pullback could be rapid and fierce.

Trade here 👇 $JCT

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