๐ $POWER DAILY HIGH WICK REJECTION โ SHORT SETUP PRIMED FOR A DUMP ๐ฃ
Entry: 0.0985 - 0.0990 โก
Target: 0.0970 - 0.0955 - 0.0935 ๐ฏ
Stop Loss: 0.1005 ๐
The daily high rejection is textbook โ price tagged the peak and got slapped back down with a long upper wick, while buy-side volume visibly ran out of fuel. ๐ That signature usually marks the distribution point where weak longs get trapped below the highs.
With supply already defending 0.0985-0.0990, the path of least resistance leans lower. ๐ If the sell-off gains traction, the next liquidity pool below 0.0970 could be taken out in quick succession, leaving late buyers holding the bag.
๐ฌ Are you chasing this short right away, or waiting for the entry zone to be retested before engaging? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #POWER #ShortSetup #WickRejection #Crypto
๐ฏ ๐ฆ
Entry: 0.0985 - 0.0990 โก
Target: 0.0970 - 0.0955 - 0.0935 ๐ฏ
Stop Loss: 0.1005 ๐
The daily high rejection is textbook โ price tagged the peak and got slapped back down with a long upper wick, while buy-side volume visibly ran out of fuel. ๐ That signature usually marks the distribution point where weak longs get trapped below the highs.
With supply already defending 0.0985-0.0990, the path of least resistance leans lower. ๐ If the sell-off gains traction, the next liquidity pool below 0.0970 could be taken out in quick succession, leaving late buyers holding the bag.
๐ฌ Are you chasing this short right away, or waiting for the entry zone to be retested before engaging? ๐
โ ๏ธ Not financial advice. Always manage your risk. ๐ก๏ธ
๐ท๏ธ #POWER #ShortSetup #WickRejection #Crypto
๐ฏ ๐ฆ
