Short

JOE

Bitcoin distribution will push JOE down and below its established trading range. Looking for a possible bounce near $1.20, then continue down to the $0.50 range. If it breaks below that it's into price discovery as the coin is relatively new and hasn't tested bear market lows. If we go into price discovery wait for a bottom and start accumulating, because JOE is the sushi-powerhouse of Avalanche.
Trend Analysis

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