$JOE – Sharp rally running out of steam near key resistance

Trading Plan: Short $JOE

Entry: 0.068 – 0.072

Stop Loss: 0.078

Take Profit 1: 0.062

Take Profit 2: 0.055

Take Profit 3: 0.048

Price just had a strong vertical move and is now starting to show clear signs of exhaustion at this resistance zone. The candles are getting smaller on the upside, buying pressure is fading fast, and we’re seeing early distribution happening. When momentum weakens like this after a big pump, sellers usually step in hard and trigger a healthy pullback.

This setup looks textbook for a short — weak follow-through on the highs + overextended move.

Trade $JOE here 👇

JOE
JOEUSDT
0.04617
-1.89%