Most traders bought $POWER /USDT at the top of the range—here's why this is a trap.
$POWER - short
Trading plan:
Entry: 0.09195 – 0.09237
SL: 0.09417
TP1: 0.09065
TP2: 0.08964
TP3: 0.08813
Why this setup?
- The four-hour trend is short with 55% confidence, yet the price is at 0.09216—the exact resistance of the daily range.
- The 15-minute RSI at 35.91 shows that momentum is already fading; alternative entry targets above the current price indicate a risk of a false breakout.
- The SL at 0.09417 is tight, but the primary TP1 at 0.09065 offers a 1.6% move against the herd.
Discussion:
Will you short this resistance or wait for confirmation of a breakdown below 0.09195?
$POWER
#power