$POWR Big Dump is incoming so Guy’s Let's Chase Big Short Now
Short POWR
Entry: 0.095 – 0.105
SL: 0.125
TP1: 0.0860
TP2: 0.0800
TP3: 0.0740
TP4: 0.0620
Why:
POWR has gone parabolic, jumping more than 66% and pushing straight into the 0.09145 high. Price is now extremely extended above the MA(7), MA(25) and MA(99), while volume and open interest have exploded alongside the move. I’m looking for a cooldown/rejection after this aggressive pump. A loss of 0.0860 could bring a deeper retracement toward 0.0800 and 0.0740.
#Altcoin Season# #Macro Insights#
Short POWR
Entry: 0.095 – 0.105
SL: 0.125
TP1: 0.0860
TP2: 0.0800
TP3: 0.0740
TP4: 0.0620
Why:
POWR has gone parabolic, jumping more than 66% and pushing straight into the 0.09145 high. Price is now extremely extended above the MA(7), MA(25) and MA(99), while volume and open interest have exploded alongside the move. I’m looking for a cooldown/rejection after this aggressive pump. A loss of 0.0860 could bring a deeper retracement toward 0.0800 and 0.0740.
#Altcoin Season# #Macro Insights#
