Man, this one is testing everyone's patience right now.
$POWER just took a nasty rejection right at that 0.345 local top and it's looking a bit heavy. We had that massive impulsive move up from the 0.24 area, but the buyers seem to be catching their breath—or straight up disappearing.
The price is currently hovering around 0.301. If we can't hold this level, I’m looking at that 0.28 zone for a potential bounce. If that fails, the whole move might just retrace back to where it started.
Volume is thinning out on this drop which is slightly better than a high-volume dump, but I wouldn't touch a long here until I see a clear higher low form.
Waiting for the reaction at the next support before doing anything aggressive.
POWERUSDT
Prep
0.29665
-6.03%