$POWER is in a very strong 4H breakout, but the move is extremely extended after the explosive volume expansion. I would not chase the current candle.
LONG | 4H
Entry: 0.1480–0.1530
SL: 0.1437
TP1: 0.1574
TP2: 0.1635
TP3: 0.1712
TP4: 0.1804
TP5: 0.1911
SETUP | Grade B
The bullish structure remains intact, but $POWER is now highly volatile. The better setup is a pullback into 0.1480–0.1530 rather than entering after another vertical push.
A clean break below 0.1437 invalidates the setup.
Would you take this setup?
LONG | 4H
Entry: 0.1480–0.1530
SL: 0.1437
TP1: 0.1574
TP2: 0.1635
TP3: 0.1712
TP4: 0.1804
TP5: 0.1911
SETUP | Grade B
The bullish structure remains intact, but $POWER is now highly volatile. The better setup is a pullback into 0.1480–0.1530 rather than entering after another vertical push.
A clean break below 0.1437 invalidates the setup.
Would you take this setup?
