$POWER Many people probably think that this coin will experience a significant bullish trend, similar to River. Currently, if we look, the bullish momentum is indeed very strong, not breaking below 1.2. However, have you noticed that the market is intentionally creating a rebound and sideways pattern? The space for the rebound is getting weaker and weaker, with 2.2 ahead, 2.06 behind, and now we are in the third round of rebounding.
I think this price is worth paying attention to for a bearish direction. Open a position first, and if it retraces, exit. Place the stop-loss around 2.1.
Set the stop-loss above at 30%, as it is unlikely to rebound significantly. The profit margin below is unlimited. If it breaks 1, there is a 50% margin. Once it breaks 1, it will enter a downtrend. You can refer to Enso; it has fallen so smoothly without any rebounds at all.
I think this price is worth paying attention to for a bearish direction. Open a position first, and if it retraces, exit. Place the stop-loss around 2.1.
Set the stop-loss above at 30%, as it is unlikely to rebound significantly. The profit margin below is unlimited. If it breaks 1, there is a 50% margin. Once it breaks 1, it will enter a downtrend. You can refer to Enso; it has fallen so smoothly without any rebounds at all.