$POWR still looks heavy after failing to hold the spike move. Price is around 0.0397, sitting close to the 24h low at 0.0390, so I would not short directly at the bottom. The cleaner setup for me is waiting for a weak bounce into resistance and then looking for rejection.
Bias: Short on bounce
Entry zone: 0.0405 to 0.0417
Stop: above 0.0442
TP1: 0.0390
TP2: 0.0375
TP3: 0.0358 to 0.0340 if selling pressure continues
The key rejection area is 0.0417 to 0.0442. If POWR bounces there and fails, sellers still look in control. If it reclaims 0.0442 with strong volume, I’d cancel the short idea because that could turn into a stronger relief bounce.
Bias: Short on bounce
Entry zone: 0.0405 to 0.0417
Stop: above 0.0442
TP1: 0.0390
TP2: 0.0375
TP3: 0.0358 to 0.0340 if selling pressure continues
The key rejection area is 0.0417 to 0.0442. If POWR bounces there and fails, sellers still look in control. If it reclaims 0.0442 with strong volume, I’d cancel the short idea because that could turn into a stronger relief bounce.