$POWER : Breakdown Imminent? Short Setup Awaiting Support Breach!
Plan trade: Short
Entry Zone: $0.200 - $0.210
Take Profit:
TP1: $0.192
TP2: $0.188
TP3: $0.185
TP4: $0.177
Stop Loss: $0.215
Technical Analysis:
On the H4 chart, $POWER entered a clear downtrend after peaking at $0.326. The price is compressed below the EMA(25), consistently forming lower highs. The $0.200 level acts as a weak psychological support; if broken, it could trigger a sharp sell-off towards the $0.17x zones. RSI is trending downwards below 50, supporting continued bearish control.
Stop Loss Rationale:
The $0.215 level sits above the short-term EMA resistance and the recent recovery peak. A breakout above this level would invalidate the bearish structure.
POWER
Alpha
0.2096
-9.63%