$JOJO is failing to reclaim key resistance after a strong rejection from higher levels. The structure remains bearish, with lower highs and weak follow-through from buyers. Volume on the pullbacks is not convincing, suggesting this move is distribution, not accumulation. Unless price reclaims resistance quickly, the next leg is expected to the downside.

TRADE SETUP (SHORT BIAS)

🔴 Entry Zone (Short):

➡️ $0.0200 – $0.0208 (rejection area)

🎯 Take Profit Targets:

TP1: $0.0190

TP2: $0.0180

TP3: $0.0168

🟢 Stop Loss:

❌ Above $0.0218 (structure invalidation)

As long as $JOJO stays below resistance, sell-the-rallies remains the dominant strategy. A breakdown below $0.0190 can accelerate downside with sharp volatility.

Buy and trade here on $JOJO

JOJO

Alpha

0.017295

-3.82%

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