$POWER / USDT Short Setup
Guys, check the $POWER chart carefully. The price pushed higher and made a new high around 0.208, but faced strong rejection from that level. Sellers became active at the new resistance, and downside momentum is now looking strong.
Trade Plan
Asset: $POWER Perp
Direction: Short
Entry : 0.160–0.170
Stop Loss : 0.22
Take Profits
TP1: 0.145
TP2: 0.125
Final TP: 0.100
Reason
New Resistance & Rejection: Price touched the 0.208 area and formed a new resistance, followed by a strong rejection wick showing heavy selling pressure.
Strong Downside Momentum: After the pump, price is now moving lower and sellers are taking control. This makes the short setup interesting, with the potential for a move toward 0.10.
Guys, check the $POWER chart carefully. The price pushed higher and made a new high around 0.208, but faced strong rejection from that level. Sellers became active at the new resistance, and downside momentum is now looking strong.
Trade Plan
Asset: $POWER Perp
Direction: Short
Entry : 0.160–0.170
Stop Loss : 0.22
Take Profits
TP1: 0.145
TP2: 0.125
Final TP: 0.100
Reason
New Resistance & Rejection: Price touched the 0.208 area and formed a new resistance, followed by a strong rejection wick showing heavy selling pressure.
Strong Downside Momentum: After the pump, price is now moving lower and sellers are taking control. This makes the short setup interesting, with the potential for a move toward 0.10.
