Many people are still waiting for $JOE to rebound and confirm, but the chart directly delivered a downside break.

At the time, I wasn’t focused on how much it dropped; it was that after JOE stayed range-bound near the highs, the subsequent rebound never managed to build real force. When I opened shorts around 0.04212, the key was this: the key level above wasn’t absorbed, while the liquidity below kept piling up more and more—so the structure was already off.

Now the current price is at 0.028, and this short position is already up by +654.45%. The move has clearly extended. Along the way, someone was definitely shaken out by a small rebound, but this kind of market mainly tests patience. As long as the direction hasn’t gone wrong, you can’t mess up your rhythm just because of a single rebound.

On my side, I’m more inclined to protect profits first—take profit in 80/20 batches, and let the remaining position follow with the protection level. Don’t force a chase if you miss it, especially after a sharp sell-off—wait for the next rebound to fail under pressure, then reassess the opportunity.

$BTC $ETH