$POWER pushed hard to hit a local high near 0.1434 before heavy profit-taking kicked in, causing a steep retracement down to the 0.126 area.
Key Levels & Market Structure:
• Resistance / Supply Zone: 0.1359 to 0.1434
• Support / Demand Zone: 0.1163 to 0.1200
• Invalidation Point: A clear breakdown below 0.1160 breaks the higher-low structure.
• Technical Behavior: Sharp rejection from the peak with strong red candles indicates aggressive distribution. Price is currently approaching local demand where buyers previously stepped in.
Let me know if you want a long, short, or neutral setup for this chart.
$POWER
Key Levels & Market Structure:
• Resistance / Supply Zone: 0.1359 to 0.1434
• Support / Demand Zone: 0.1163 to 0.1200
• Invalidation Point: A clear breakdown below 0.1160 breaks the higher-low structure.
• Technical Behavior: Sharp rejection from the peak with strong red candles indicates aggressive distribution. Price is currently approaching local demand where buyers previously stepped in.
Let me know if you want a long, short, or neutral setup for this chart.
$POWER
