📉 $POWER
/USDT: Bearish Reversal Confirmed? 🔥
$POWER has seen a massive +18.73% pump, but the momentum is starting to exhaust near major resistance. We are seeing signs of a distribution phase, making this a prime opportunity for a Short Setup as price begins to correct.
⚡ Trade Setup (Short)
Entry Zone: $0.1630 – 0.1667
Stop-Loss (SL): 0.1728
Take Profit 1: 0.1620 🎯
Take Profit 2: 0.1593 🎯
Take Profit 3: 0.1556 🎯 (Major Support)
🔍 Market Analysis
The recent rally has pushed POWER into overbought territory on the RSI. A break below the immediate support will likely trigger a sharp liquidation move toward the 0.1550 zone. Keep a close eye on volume—if it starts to fade, the bears will take full control.
Strategy: Enter on local rejections within the entry zone. Manage your leverage wisely.
Author: Nabiha Noor
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