JOE
Looking like it's almost time. It's not even on a major exchange yet, and has retained good liquidity and marketcap over a 15 month period.
Meme coins are generally tricky in regards to identifying bottoms. JOE is at a price level right now where it needs to push above 0.022 with good momentum, or we might see a quick retrace within 7 days to the 0.009 area, then possibly another 7 days of sideways accumulation to build a base to launch upward from.
In the extremely volatile crypto market we find ourselves in now, a 50% retrace would not be out of the ordinary. By now I am very used to taking -50% dips on the chin - it's just part of the risk to match the rewards.
When momentum returns, it will go for the All Time High set during it's release. It may break above the ATH, only to retrace back to that level, depending on market sentiment.
Meme coins are generally tricky in regards to identifying bottoms. JOE is at a price level right now where it needs to push above 0.022 with good momentum, or we might see a quick retrace within 7 days to the 0.009 area, then possibly another 7 days of sideways accumulation to build a base to launch upward from.
In the extremely volatile crypto market we find ourselves in now, a 50% retrace would not be out of the ordinary. By now I am very used to taking -50% dips on the chin - it's just part of the risk to match the rewards.
When momentum returns, it will go for the All Time High set during it's release. It may break above the ATH, only to retrace back to that level, depending on market sentiment.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.