As I promised you yesterday, and thanks to God, our vision was accurate and the expected drop of the currency occurred as shown in the previous post (attached image of the previous forecast). Accuracy in analysis is what we always strive for 💯.
Now, many of you are asking: Where is POWER heading currently?
Based on the current chart (attached time frame):
The price is currently trading at levels 0.20460, and the technical situation tells us the following:
1️⃣ Bearish Control (Sellers): The currency is still trading below the moving averages (the colored lines), specifically below the strong resistance barrier at 0.208 and 0.211. The price being below these areas means that selling pressure is still present.
2️⃣ Liquidity Indicator: We notice in the Order Book that the selling percentage (56.77%) still outpaces buying, indicating that the market has not yet had enough of the correction.
🔍 Summary and Expectations:
The currency is currently in a "Negative Accumulation" phase.
The most likely scenario: The currency will remain low and fluctuate in this narrow range, with a high probability of re-testing the bottom at 0.194. As long as we do not break the 0.212 barrier upwards strongly, there is no safe entry signal, and the decline or boring fluctuation is predominant.
💡 My advice: Don’t rush to enter "bottom hunting" now until we see a clear reversal signal.
Follow me for real-time updates and accurate numbers.. what’s coming is more important! 🔥
