Recently looked at JCT's 1-hour chart, the price is currently around 0.001574, feeling that the bulls and bears are fighting quite intensely. JCT's stock price has already broken below the recent equilibrium level, now sticking close to the low area of 0.001527, which should be a key support level.



In terms of indicators, there is some disagreement; MACD and RSI are both signaling bearishness, but Momentum and MFI are showing some bullish signals, suggesting the bulls are trying to defend here. However, selling pressure still seems to dominate, and unless JCT can recover the supply zone at 0.001712, the short-term bias remains bearish.

For entry ideas, I would wait in the 0.001539–0.001572 range for bullish signals, such as a bullish engulfing pattern on the 15-minute chart combined with increased volume, then consider going long, targeting 0.001712 and 0.001865. Placing a stop loss below 0.001498 is safer. Conversely, if JCT limited share price forms a clear reversal candlestick in the resistance zone, such as a hammer or bearish engulfing, there could be a short opportunity, aiming back to 0.001539.

Overall, the short-term bias is still bearish unless the structure clearly shifts, so I wouldn't dare to chase high. Remember to wait for confirmation signals before entering, don’t act recklessly.
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