$POWER encounters a cliff-like drop! 📉 In just a few candlesticks, it fell from around 0.33 to 0.28. Let's analyze the reasons and develop a strategy!

📊【Analysis of the Reasons for the Crash】

1️⃣ Continuous strong bearish candlesticks: Among the recent 10 candlesticks, 7 are bearish, most of which are of 'strong' level, indicating a concentrated release of bearish power and significant selling pressure! 🔥

2️⃣ High volatility accompanied by increased volume: The third candlestick had a fluctuation of 8.44%, and the trading volume surged to 13.51 million, indicating that large players or institutions are offloading💥.

3️⃣ Weak rebound: The 4th and 7th bullish candlesticks attempted to rebound but were immediately engulfed by bearish candlesticks, indicating insufficient confidence from bulls and a shift in market sentiment to pessimism 😔.

🎯【Short-term Operation Strategy】

Currently in a high volatility downtrend, do not blindly catch the falling knife!

▪️ Key resistance level: 0.30-0.31 (previously multiple rebound highs)

▪️ Key support level: 0.28 (recent low, already tested)

⚠️ Operation Thought:

If the price rebounds to the 0.30-0.31 resistance area and fails to break through, consider lightly shorting, targeting below 0.28.

If it breaks below the 0.28 support with increased volume, the downside may open further.

Strictly set stop-loss above 0.315!

Market sentiment is bearish, control your position, quick in and out! 🚀 #POWER #CryptoTrading #altcoin