The wick on this candle tells a story most people are going to ignore.

$JOE ‌ just pulled off a massive spike to 0.0789 only to get slammed back down to 0.0471. That is a lot of trapped liquidity sitting up there. We are currently down over 6% today and looking for a floor.
Volume is sitting at 1.39M USDT which isn't huge for this kind of volatility. The order book is split almost 50/50 right now, so there is no clear winner between the bulls and bears yet. We really need to see the 0.0465 support hold on this daily close or we might just erase that entire pump.
If we can consolidate here and hold the 0.0470 level, there might be a chance for a relief bounce. But honestly, after a rejection that is violent, I’m being extra patient. No point catching a falling knife until the selling pressure actually dries up. Keep an eye on the 0.0513 resistance if we do start moving back up.

#GateSquareAprilPostingChallenge