$POWER is showing rejection from the $0.0980 resistance area after failing to sustain the recent upward move on the 30M chart. Sellers are gaining control, creating a potential downside setup toward the lower support levels.
$POWER — SHORT
Entry Zone: $0.0965–$0.0968
TP1: $0.0950
TP2: $0.0940
TP3: $0.09298
Stop Loss: $0.09861
Rationale: Price is forming lower highs near resistance and has started breaking down from the $0.0980 area. A sustained move below $0.0965 could strengthen the bearish structure and open the path toward $0.09298.
Bias: Bearish below $0.09861. Manage risk carefully.
$POWER — SHORT
Entry Zone: $0.0965–$0.0968
TP1: $0.0950
TP2: $0.0940
TP3: $0.09298
Stop Loss: $0.09861
Rationale: Price is forming lower highs near resistance and has started breaking down from the $0.0980 area. A sustained move below $0.0965 could strengthen the bearish structure and open the path toward $0.09298.
Bias: Bearish below $0.09861. Manage risk carefully.