Looking at the hourly chart of JCT and I see an interesting picture. The bears are clearly applying pressure, the price has fallen below the balance of the last impulse. Currently trading around 0.001574, very close to the low at 0.001527 — this is a critical zone.

What catches my attention: the indicators give mixed signals. MACD, Stochastic, RSI show bearish control, but Momentum and MFI indicate something different — there is a hidden bullish divergence. Maybe the bulls are trying to hold their position, but the sellers are still stronger.

Key levels to watch: support at 0.001539 has been tested several times, this is the main demand zone. If we break below — the next is 0.001498, then 0.001438. Resistance above is accumulated at 0.001712, and another zone at 0.001865. The impulse high remains at 0.001983 — this is already a serious level.

For a long position: I look for reversal patterns exactly in the 0.001539-0.001572 zone. Clear bullish signals are needed — bullish engulfing, pin bar. I will check the 5-minute and 15-minute charts for structural changes. If I get an entry, the first target is 0.001712, the second 0.001865. I set a stop below 0.001498.

For a short: if the price bounces off resistance at 0.001712 or 0.001865 with clear bearish signals — shooting star, strong engulfing — then I will enter short. First target 0.001539, second 0.001498.

My scenario: considering the pressure from sellers and proximity to support, I expect either a bounce from the 0.001539 zone or a breakdown downward. If the bulls hold 0.001712 with momentum — I will switch to a bullish trend towards 0.001983. The basic trend remains bearish until a clear reversal above 0.001712.

This is just my analysis, not a recommendation. Always wait for confirmation before entering a position 🔥