🛑 $POWER DAILY HIGH WICK REJECTION — SHORT SETUP PRIMED FOR A DUMP 💣
Entry: 0.0985 - 0.0990 ⚡
Target: 0.0970 - 0.0955 - 0.0935 🎯
Stop Loss: 0.1005 🛑
The daily high rejection is textbook — price tagged the peak and got slapped back down with a long upper wick, while buy-side volume visibly ran out of fuel. 📊 That signature usually marks the distribution point where weak longs get trapped below the highs.
With supply already defending 0.0985-0.0990, the path of least resistance leans lower. 🔍 If the sell-off gains traction, the next liquidity pool below 0.0970 could be taken out in quick succession, leaving late buyers holding the bag.
💬 Are you chasing this short right away, or waiting for the entry zone to be retested before engaging? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #POWER #ShortSetup #WickRejection #Crypto
🎯 🦈
Entry: 0.0985 - 0.0990 ⚡
Target: 0.0970 - 0.0955 - 0.0935 🎯
Stop Loss: 0.1005 🛑
The daily high rejection is textbook — price tagged the peak and got slapped back down with a long upper wick, while buy-side volume visibly ran out of fuel. 📊 That signature usually marks the distribution point where weak longs get trapped below the highs.
With supply already defending 0.0985-0.0990, the path of least resistance leans lower. 🔍 If the sell-off gains traction, the next liquidity pool below 0.0970 could be taken out in quick succession, leaving late buyers holding the bag.
💬 Are you chasing this short right away, or waiting for the entry zone to be retested before engaging? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #POWER #ShortSetup #WickRejection #Crypto
🎯 🦈