$POWER Market Structure
POWER is showing bullish momentum after a steady upward move.
Price is trading above short-term MAs (5, 7, 99) but below mid-term MA50 (0.20178) and MA200 (0.21444) → potential resistance ahead.
RSI(6) at 62.87 → bullish, but approaching overbought territory.
MACD positive (DIF > DEA) → upward momentum is intact but may slow near resistance.
Key Levels
Support: 0.1870 – 0.1900 (MA5/MA7 + previous consolidation zone)
Resistance: 0.2000 – 0.2020 (recent high + MA50)
Trade Setup
Entry Zone
Buy on Pullback: 0.1870 – 0.1900
Buy on Breakout: Above 0.2020 with strong volume confirmation
Take Profit Targets
TP1: 0.2000
TP2: 0.2020
TP3: 0.2080 (if momentum continues)
Stop Loss: Below 0.1850
Bias Summary
Overall Bias: Bullish continuation, but cautious near mid-term resistance
Preferred Trade: Buy the dip to support for safer entries
Caution: RSI approaching overbought → monitor short-term candles for reversal signals
$POWER
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