$POWER has momentum, yet one timeframe is still pushing back against the move.
What stands out here is that the 1H move is +5.95%, open interest is up 3.6%, and the last 15m is +2.32%. That gives the move real context instead of treating every candle as a signal.
The 1d setup is bearish, but the broader multi-timeframe bias is still bullish. I would treat this as a tactical setup, not a clean trend trade.
The area around $0.05567 is the level I would watch next. Losing it cleanly would strengthen the bearish case; holding it would warn against pressing shorts too late.
Which timeframe are you trusting on $POWER here?
#POWER #Trading
Trade plan: SHORT
Entry: $0.13662
SL: $0.13731
TP1: $0.05567
TP2: $0.05566
TP3: $0.05565
What stands out here is that the 1H move is +5.95%, open interest is up 3.6%, and the last 15m is +2.32%. That gives the move real context instead of treating every candle as a signal.
The 1d setup is bearish, but the broader multi-timeframe bias is still bullish. I would treat this as a tactical setup, not a clean trend trade.
The area around $0.05567 is the level I would watch next. Losing it cleanly would strengthen the bearish case; holding it would warn against pressing shorts too late.
Which timeframe are you trusting on $POWER here?
#POWER #Trading
Trade plan: SHORT
Entry: $0.13662
SL: $0.13731
TP1: $0.05567
TP2: $0.05566
TP3: $0.05565
