$HEI

re’s the current read on JOJO based on this chart:

JOJO is deep into a corrective phase after an explosive +750% expansion. Price is trading around 0.249, well off the highs near the 0.40 area, and structure has shifted short-term bearish with a clear sequence of lower highs and lower lows.

The move down looks like profit distribution rather than a single flush — multiple bounce attempts have been sold, showing weak follow-through from buyers. The 0.30–0.32 zone acted as a key pivot and was lost, which accelerated downside momentum.

Market cap sits around $28M with relatively thin liquidity (~$380K), so volatility remains elevated. From here, price likely needs consolidation and base-building before any sustainable continuation. A reclaim and hold above the prior breakdown zone would be the first sign of strength returning.

Until that happens, this is a cooldown/reset phase after a parabolic run, not a confirmed trend reversal — but patience is required.

If you want, I can mark invalidation levels or rewrite this as a tight trading post.

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