$POWER SURGES +65%! EXTREME OVERBOUGHT AT $0.208 HIGH! 📉
​$POWER (Power Protocol) experienced a parabolic rally, surging from a 24h low of 0.11191 to hit a high of 0.20800, currently trading near 0.19137 (+65.60%).
​⚠️ Technical Analysis & Key Factors:
​Extreme RSI Overbought Zone: RSI has reached extreme levels on higher timeframes — 4H RSI is at 93.88 and 1H RSI is at 79.10, signaling high exhaustion among buyers.
​Rejection Wick at Highs: Solid upper wick rejection formed at the 0.20800 mark as short-term traders begin taking profits.
​Wide Gap from Moving Averages: Price is heavily extended above its dynamic support lines at 1H MA7 (0.17519) and 4H MA7 (0.14825), creating strong gravity for a technical correction.
​🎯 Short Setup Scenario (Retracement Trade Plan):
​Entry Zone: 0.19200 – 0.20200 (On minor rejection bounce)
​Target 1 (TP1): 0.17500 (1H MA7 Dynamic Support)
​Target 2 (TP2): 0.15700 (4H EMA7 Base)
​Target 3 (TP3): 0.14800 (4H MA7 Key Retracement Zone)
​Stop Loss (SL): 0.21500 (Above 24h High Breakout Level)
​🚨 Disclaimer: Parabolic gainers carry extreme volatility. Never trade without strict risk management and set your Stop Loss!
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​What's your trade plan for $POWER ?