$POWER -3.5% dump on 3x volume: distribution or just a liquidity shakeout?
My bias is bearish on the 1h. The sharp sell-off with elevated volume suggests distribution into thin liquidity rather than a confirmed bottom. The 1h structure is already printing lower highs, but this remains a counter-trend short against bullish daily, weekly, and BTC structure.
I’m watching 0.1239–0.1223 first, followed by 0.1193. If that level fails to hold, 0.1056 becomes the next downside target.
Short entry zone: 0.1285–0.1323 on a bounce into supply. I want confirmation through a rejection wick, bearish engulfing, or a 5–15m market structure shift before entering. Continuation shorts become interesting only after 0.1253 breaks with strong follow-through.
Take-profits: 0.1223 → 0.1193 → 0.1056
Risk management matters: place protection beyond the structure flip, not inside the last swing.
A 1h close above 0.13235 invalidates this bearish setup, so I would stand aside.
Flow: OI $3.9M (-1.7% 24h) · Funding +0.0050% · Taker 0.92x..$POWER
Not financial advice. Educational analysis only.
#POWER #CryptoTrading #BinanceSquare #Altcoins #TechnicalAnalysis
My bias is bearish on the 1h. The sharp sell-off with elevated volume suggests distribution into thin liquidity rather than a confirmed bottom. The 1h structure is already printing lower highs, but this remains a counter-trend short against bullish daily, weekly, and BTC structure.
I’m watching 0.1239–0.1223 first, followed by 0.1193. If that level fails to hold, 0.1056 becomes the next downside target.
Short entry zone: 0.1285–0.1323 on a bounce into supply. I want confirmation through a rejection wick, bearish engulfing, or a 5–15m market structure shift before entering. Continuation shorts become interesting only after 0.1253 breaks with strong follow-through.
Take-profits: 0.1223 → 0.1193 → 0.1056
Risk management matters: place protection beyond the structure flip, not inside the last swing.
A 1h close above 0.13235 invalidates this bearish setup, so I would stand aside.
Flow: OI $3.9M (-1.7% 24h) · Funding +0.0050% · Taker 0.92x..$POWER
Not financial advice. Educational analysis only.
#POWER #CryptoTrading #BinanceSquare #Altcoins #TechnicalAnalysis