【$JOE Signal】Short squeeze rebound, clear intention of funds to support the bottom

$JOE The 1H level repeatedly tests around 0.055, with deep buying pressure, and selling pressure is quickly absorbed. The 4H MACD histogram is contracting, but the price has not made a new low, fully revealing the intention of funds to support the bottom. Negative funding rate of -0.36% combined with stable open interest indicates that short squeeze risk is accumulating.

🎯Direction: Long

⚡Entry: Enter directly at the current price around 0.0558, or place a buy order at 0.0555 for a trap.

🛑Stop loss: Below 0.0540

🚀Target 1: 0.0635

🚀Target 2: 0.0670

🛡️Trade management:
- Execution strategy: Half position at Target 1, remaining to protect capital. If the price falls back into the entry zone, automatically exit.

The order book shows buy walls stacking from 0.0557 down to 0.0556, while sell orders are relatively sparse. The 1H RSI stabilizes around 51, not declining with the new lows, indicating initial bullish divergence. The 4H remains below the Bollinger upper band, but the bandwidth is narrowing, signaling a potential reversal. The current risk-reward ratio is close to 2, making it worth a try.

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