🔥 $POWER : Correction is gaining momentum — time for a short! 📉
On the hourly chart POWER/USDT, after reaching a maximum of 0.34586, a correction began: the current price is 0.29533 (-3.58% in 24 hours). The trading volume is high — 158 million POWER in 24 hours, confirming activity, but sales prevail.
🚨Indicators (brief):
EMA: 21 — 0.29750, 50 — 0.29294, 99 — 0.28542. Price is below short EMAs but above the long one — bearish pressure with support.
MACD: -0.00063, the histogram is decreasing — bearish momentum.
RSI (14): 48.77 — neutral, close to oversold.
Stochastic: 72.21/61.96 — possible bearish crossover.
General conclusion: Short-term bearish trend with the risk of further decline. A bounce is possible at the lower EMA, but the main scenario is a short to continue the correction.
💰Trading plan (main scenario — SHORT)
➡️Entry:
Aggressively: now or on a retest of 0.30–0.305
Conservatively: breakout and consolidation below 0.29 with a retest
🎯Targets (TP):
TP1: 0.276 (-6.5%)
TP2: 0.262 (-11.2%)
TP3: 0.252 (-14.7%)
⛔️Stop-loss: 0.31 (+5%)
Result: POWER/USDT remains under bearish pressure. A short on the pullback aiming for lower support levels seems preferable. Watch EMA99 and volumes for a possible bounce.
Trading 👉$POWER
