$JOE Instead of shorting the first pump, this setup waits for $JOE to push deeper into the 0.037–0.040 resistance zone. If price forms a rejection/lower high there, the setup favors a retracement toward 0.029–0.025.
Bias: 🔴 SHORT, but only with rejection confirmation around 0.035–0.040. A strong daily close above 0.040 would weaken the Short thesis considerably.
Entry: 0.03700 → 0.04000
Stop Loss (SL): 0.04350
TP1: 0.03300 — First retracement target
TP2: 0.02900 — Previous range support
TP3: 0.02500 — Major structural support
DYOR
Bias: 🔴 SHORT, but only with rejection confirmation around 0.035–0.040. A strong daily close above 0.040 would weaken the Short thesis considerably.
Entry: 0.03700 → 0.04000
Stop Loss (SL): 0.04350
TP1: 0.03300 — First retracement target
TP2: 0.02900 — Previous range support
TP3: 0.02500 — Major structural support
DYOR