$POWER 1H | Oversold at the Low — Bounce Setup in Play!
Long $POWER
• Entry: 0.08300 – 0.08400
• Stop Loss: 0.08200
Targets:
• TP1: 0.08600
• TP2: 0.08850
• TP3: 0.09200
POWER has been in a strong downtrend after losing the 0.096–0.098 resistance zone, but price is now sitting right above the 24h low at 0.08273. The sell-off looks extended, and the current candle structure is showing early signs of seller exhaustion with small bodies and rejection wicks forming near the bottom.
This is a classic oversold bounce setup. As long as POWER holds above 0.08273, a relief move back toward 0.08550 first and then the 0.08800 – 0.09000 resistance zone remains in play. A strong green 1H close above 0.08500 would add more confirmation for the bounce.
Risk strictly. If 0.08200 breaks cleanly, the setup invalidates and lower levels become likely.
Trade $POWER here 👇🏻
#POWER #CryptoTrading #BinanceSquare