$POWER Short-term Warning | Rapid Rise, Pullback Risks are Accumulating
POWER has recently seen excessive concentration in gains, with prices rapidly rising to the previous supply zone/high resistance area, where it has clearly encountered resistance.
From the market perspective, as it approaches the resistance level, bullish momentum begins to slow down, with an increasing number of upper shadows on the candlestick chart, indicating that selling pressure is gradually becoming evident, and funds chasing higher prices are starting to hesitate. Under this structure, it is more likely to see a technical pullback rather than a direct breakthrough.
The current approach leans towards waiting for short-selling opportunities after a rebound.
The trading plan is as follows:
📉 Short Entry Range
0.385 – 0.395
🎯 Target Levels
TP1: 0.350
TP2: 0.320
TP3: 0.280
🛑 Stop Loss Level
0.430
Overall Logic: Sharp Rise → Encounter Resistance → Weakening Momentum → Pullback Correction.
Be sure to control your position size, strictly execute stop-losses, and avoid emotional trading.
$PIPPIN
