$JOE TARGETING 0.0640 AFTER A STRONG INTRADAY PUSH💯💥
$JOE has shown a clean bullish expansion from the lower base near 0.0590, pushing price aggressively toward the 0.0640 area before facing rejection. This move confirms strong buyer interest and momentum continuation from the demand zone. The current pullback toward 0.0615–0.0620 looks corrective rather than bearish, suggesting price is cooling off after the impulse. As long as this zone holds, buyers still have control and another attempt toward the highs remains likely.
From a long trade perspective, holding above the 0.0610 support keeps the structure bullish. If price stabilizes and shows strength around the current range, a continuation move toward 0.0635 and 0.0640 can follow. This zone is the key resistance where profit-taking previously entered, so a breakout above it could open the door for further upside expansion. Patience is required here, as confirmation from support is crucial before continuation.
From a short trade perspective, failure to reclaim 0.0625 and a clean breakdown below 0.0610 would indicate weakness returning to the chart. In that scenario, price could retrace back toward the 0.0600 psychological level and possibly the prior demand near 0.0595. Shorts only make sense if support is clearly lost, otherwise selling into support remains risky.
Short outlook: Bias remains mildly bullish while above 0.0610, but a breakdown below this level would flip momentum bearish in the short term.
