📉 $POWER USDT | EXTREME CRASH CONTINUATION [SHORT] ⬇️
The POWER chart is signaling an EXTREME CRASH that is highly likely to continue its powerful downward momentum! The price has fallen vertically from the high of 0.19703 and is trading near the low of the current move at 0.17803. This violent move, forming a near-vertical collapse, suggests that sellers have full control and the previous low will likely be retested and broken.
What the Chart is Telling Us:
Extreme Vertical Drop: A single, massive red candle dominates the chart, signaling overwhelming bearish volume.
No Visible Support/EMAs: The speed of the drop has invalidated all short-term moving averages (EMAs are not yet calculated on this scale), confirming the market is driven by panic selling.
Next Target: The immediate target is to re-test the low of the crash and the 24h Low.
My No-Bullshit Trading Thesis (SHORT Bias):
Entry Zone: This is a continuation entry: Initiate a position near the current Mark Price around 0.17727.
Critical Stop: Place your stop loss just above the recent high of the large red candle at 0.19703. A recovery back above this level invalidates the short idea. For tighter management, you may place the stop above the midpoint of the crash candle (approx 0.1835).
Targets:
Target 1: The push to re-test the crash low and the 24h Low at 0.17000.
Target 2: A break of the 24h Low opens the path to price discovery below 0.17000.
Target 3 (Optional): The full momentum target is a significant percentage drop (e.g., 5-10% below the low) if the crash continues into the next time frame.
⚠️ POWERUSDT is in a state of freefall. Shorting the continuation of the crash is the trade. Use EXTREME tight risk management and understand the volatility!
How low will POWERUSDT fall on this crash? Drop your price! 👇
