Thx Meow, gonna try this setup too 🤝 Power was annoying on my short for days until that down candle finally hit 😅
MeowAlert
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💪😼 $POWER About To Drop? My #2 Setup Revealed — Don’t Miss This Move
POWER ran hard to 2.22 and got rejected fast.
Since that moment, price is making weaker bounces.
Buyers are slowing down. Momentum is not expanding.
👉 Setup — SHORT 👉 Entry (Best & Low Risk) — 1.90 – 1.95 — Clear resistance zone — Best area for tight risk
👉 Entry 2 (More Risk, Smaller Size) — 1.86 – 1.88 👉 Stop Loss — 2.05 — Break and hold above = exit
👉 Take Profits — 1.82 — 1.76 — 1.70 — 1.60 — 1.52
From 1.92 entry, risk is small compared to downside targets.
That’s strong risk-to-reward.
👉 Why LONG? Derivatives also showing cooling: — Open Interest dropping (longs closing) — No strong new long buildup — Slight futures pressure — Structure forming lower highs This is where controlled short makes sense.