A defined plan matters more than chasing a coin that has already moved hard.
$POWER LONG
Entry: 0.18357 to 0.18449
SL: 0.17170
TP1: 0.19805
TP2: 0.20991
TP3: 0.22516
The interesting part is the confluence here. Taker flow is leaning buyer-side, while both the 1H and 4H structure are printing HH/HL. Funding at -0.0338% is also slightly negative, which keeps the setup from looking heavily crowded on the long side.
But there is an important catch: $POWER is already up 44.1% in 24H.
That makes the entry zone more important. I would rather see price react and confirm this area than chase an extended move.
The invalidation is simple. A close below 0.17170 means the structure is no longer valid and the setup is off.
For now, this is a reaction-and-confirmation setup, not a chase.
Not financial advice. Manage your own risk.
#FuturesTrading
$POWER LONG
Entry: 0.18357 to 0.18449
SL: 0.17170
TP1: 0.19805
TP2: 0.20991
TP3: 0.22516
The interesting part is the confluence here. Taker flow is leaning buyer-side, while both the 1H and 4H structure are printing HH/HL. Funding at -0.0338% is also slightly negative, which keeps the setup from looking heavily crowded on the long side.
But there is an important catch: $POWER is already up 44.1% in 24H.
That makes the entry zone more important. I would rather see price react and confirm this area than chase an extended move.
The invalidation is simple. A close below 0.17170 means the structure is no longer valid and the setup is off.
For now, this is a reaction-and-confirmation setup, not a chase.
Not financial advice. Manage your own risk.
#FuturesTrading