🚀 $POWER : Bullish Breakout or Local Top? 📈
The $POWER chart is screaming Strongly Bullish, but there are some critical signals you need to watch at these levels! 🧐
📊 Technical Breakdown
Price Action: We are seeing a classic impulsive wave structure. However, the last 4H candle closed as a Spinning Top with a long upper shadow. This signals a heavy battle and significant selling pressure at the 0.282 resistance level. 🛡️
Volume Analysis: While the initial breakout was backed by massive volume, we are seeing a recent contraction. This often happens as a trend reaches its final stage—keep your eyes peeled! 📉
Smart Money Flow: The 24H capital flow is looking juicy with +1.78M USDT net inflows, confirming institutional accumulation. 🐳 That said, a slight 5-minute outflow suggests some traders are already locking in profits. 💰
🎯 The Game Plan
Looking for a high-probability entry? Patience is key. We are waiting for a retest of the MA20 support confluence.
⚡ Entry Zone: 0.2597 – 0.2650
🛡️ Stop Loss: 0.250 (Protect your capital!)
🎁 Target Zones: 0.290 – 0.300+
Stay sharp and manage your risk! ⚡💎
#power #power/usd #WhaleDeRiskETH $POWER