Zetoshi

I opened a LONG position on JCT with around $100K, which is a small amount compared to my portfolio! It’s super risky to buy now! ‼️Reason: While I was checking tokens through my order system, JCT caught my attention for many reasons. I was already holding a small amount in spot Now, after a long time, we can finally see some movement on the chart, right? Normally, we see tokens pump like this and then crash. But something caught my attention here. The last token unlock was around a year ago, and the next unlock is coming in around 21 days. Now, most people are opening short positions because JCT has already pumped around 150%, and everyone is expecting a crash, right? On the other hand, tokens allocated to private investors, the community, and the foundation will start unlocking in around 20 days. We’ve seen similar movements with LAB and other tokens. If you look at the price movement after previous unlocks, some tokens dropped around 60%. So I think JCT could crash hard when the unlock happens. But here’s what I’m thinking! Most people are already shorting because they know about the upcoming unlock. But what if they push the price higher and higher before the unlock? Then, when the unlock happens, the price could crash hard. Also, the market cap is very low, around $50 million, so I think they’re going to play with this token. That’s why I took the risk with a small amount compared to my portfolio. Let’s see what happens! Remember, this is super risky and just my personal analysis. NFA!