$BTC
POWER: Breakdown Imminent? Short Setup Awaiting Support Breach! 📉
Trade Plan: Short 🔴
Entry Zone: $0.200 - $0.210
Take Profit Targets:
🎯 TP1: $0.192
🎯 TP2: $0.188
🎯 TP3: $0.185
🎯 TP4: $0.177
Stop Loss: $0.215
Technical Analysis:
On the H4 chart, $POWER has 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.
(POWERUSDT)
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