โโ ๏ธ PUMP FIZZLE! $POWER Collapse Alert: Short the Overbought Peak! [SHORT] ๐
โCRITICAL WARNING: The POWER chart has just confirmed a major rejection after its massive, vertical run! The initial momentum is exhausted, and the downside is now favored as traders secure profits. This is the moment to capitalize on the mean reversion move!
โPOWER SHORT SETUP: EXECUTION LEVELS
โThis setup is based on the 1-Hour chart confirming sellers are stepping in aggressively after the unsustainable pump.
โ๐ ENTRY ZONE: 0.22785 (The EMA 7; wait for a confirmed close below this level)
โ๐ SL (STOP LOSS): 0.25600 (The exact spike high; a clear break above this invalidates the short thesis completely)
โ๐ฏ TARGET 1 (The First Wave): 0.20000 (A critical psychological and structural retest point)
โ๐ฐ TARGET 2 (Profit Zone): 0.18462 (The retest of the prior consolidation range before the pump)
โ๐ฅ WHY THIS IS HAPPENING (BEARISH SIGNAL!)
โParabolic Reversal: The price moved nearly straight up and is now forming large wicks and red candles, a classic sign that the top is in and a sharp correction is imminent.
โExtreme Overbought: The price is trading far above the moving averages (EMA 7, 25, 99), making a violent snap-back highly probable.
โSolana Ecosystem Volatility: Assuming this is the Solana-based POWER coin, it is an asset known for high volatility, meaning pullbacks are often as aggressive as the initial pump.
โโ WHAT'S YOUR MOVE?
โThe trend has broken down from the peak. Are you waiting for a lower price, or are you joining the short trade now?
โDrop your target price for POWER in the comments! ๐
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$PUFFER
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$1000LUNC
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