$POWER
/USDT SHORT TRADE SETUP
Based on the 15-minute chart, $POWER is trading at 0.19983, exhibiting an extremely strong and persistent downtrend, with a -24.84% drop in the last 24 hours. The price is trading well below all major moving averages (MA(7) at 0.20440, MA(25) at 0.21322, and MA(99) at 0.23926), which are all showing a bearish slope. The current price is very close to the 24h Low of 0.19793, suggesting a breakdown is highly likely.
Target Points (Based on potential extension below the 24h Low)
TP1: 0.19500 (Minor Extension)
TP2: 0.19000 (Psychological Support)
TP3: 0.18500 (Further Breakdown Target)
Stop Loss
Set stop loss above the immediate resistance of the MA(7) at 0.20500 to protect against a trend reversal and a move back up.
Buy and Trade here on $POWER
#BinanceSquare #CryptoTrading #POWERUSDT #Signals #Downtrend
