JOE looks like a great setup here!

#joe #joeusd #altcoins #tradesetups #defi

Traders,

I'm a bit over-weighted in my public portfolio rn, but I really do like this setup in the DeFi coin JOE.

Bullish Indicators:

*Hidden Bullish Divergence on RSI
*Close to Bullish Triangle Exit
*Above the 200 Day MA

Bearish Indicators:

*Under the June 4th Crash Level
*Possible re-trace to bottom of triangle

If I were to enter here, I'd have a Risk/Reward ration of 3/1 - pretty decent!

My target would be that Pivot Low from Jan '22

And I'd put a stop limit just under that .27 cents level at .25 ish.

The profit potential here of over 90% with no leverage on this setup is amazing!

None of this should be construed as financial advice. This was an exercise in conjecture if I were to throw my remaining public portfolio cash at this trade.

Best,
Stew

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