【$JOE Signal】Pullback to add long positions, short squeeze structure begins to form

$JOE 1H level rebounds then pulls back, price repeatedly tests around 0.0589. After the 4H MACD bullish crossover, bullish momentum contracts, 1H MACD fast and slow lines form a death cross below zero, short-term selling pressure releases. Negative funding rate of -0.44% persists, but open interest remains stable at 93 million, with no signs of panic selling. Sell orders are stacked above 0.05897, buy orders support around 0.0588, order book depth is -18.79%, indicating significant short-term selling pressure.

🎯Direction: Long

⚡Entry/Order: 0.0550 - 0.0564

🛑Stop Loss: 0.0480

🚀Target 1: 0.0901

🚀Target 2: 0.1069

🛡️Trade Management:
- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss to break-even. If the price falls back into the entry zone, automatically exit to protect capital.

This position offers a high risk-reward ratio. The 1H RSI has fallen from a high level to 57, indicating a healthy correction. The 4H Bollinger Band upper band at 0.0646 has been pierced, and a pullback to the middle band at 0.0420 will be a key support zone. Although the funding rate depth is negative, the price has not collapsed, and open interest remains strong, typical of a short squeeze buildup. The 0.055-0.056 zone below is a resonance area where the 1H EMA20 and the upper edge of the 4H breakout candle align, with enough buy-side depth to absorb selling pressure.

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