📈 $POWER
Bullish Reversal & Continuation
The $POWER (Power Protocol) structure is showing a classic trend reversal. After bottoming out near 0.17, the price has successfully transitioned into a bullish market structure on higher timeframes (HTF), consistently printing higher highs and higher lows.
Following a massive impulsive move, the price is currently consolidating near local resistance. This "sideways" action at high levels suggests that momentum is being gathered for the next leg up, rather than a deep rejection.
📊 Trade Setup (Long)
Market Bias: Bullish (as long as price sustains above 0.40)
Entry Zone: $0.42 – $0.45
Target Levels:
TP1: $0.48 (Immediate Resistance)
TP2: $0.52 (Mid-term Target)
TP3: $0.60 (Major HTF Objective)
🔎 Technical Insight
Reversal Confirmation: The shift from the 0.17 bottom to the current 0.44 level confirms that the long-term bearish trend has likely concluded.
Momentum Sustenance: Minor consolidation near the 0.44 resistance indicates strong buying pressure (absorption). A clean breakout here could trigger a fast move to TP1 and TP2.
Invalidation: A daily close below the 0.40 psychological support would weaken the bullish thesis and suggest a deeper retracement.
Risk Management: Always scale out (take partial profits) at TP1 to secure your position. Watch for volume spikes to confirm the breakout.
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