$POWER
📊 Current Structure
Price: $0.29765
Strong pump earlier, followed by a sharp dump
Price dropped below the middle Bollinger Band (MB ≈ 0.304)
Touched near the lower Bollinger Band (≈ 0.291)
Williams %R around -65 (weak momentum, not fully oversold)
🔎 Bias: Short-term Bearish, Possible Bounce
Why Bearish?
Big red candles show strong selling pressure.
Price rejected near upper band (~0.317).
Currently trading below the mid-band → trend turning weak on 15m.
Lower highs forming after the spike.
Why Bounce Possible?
Price reacted near lower band support (~0.291–0.292).
Small green candles showing minor recovery.
📌 Key Levels
Support: 0.291 – 0.287
Resistance: 0.305 – 0.312
Break above 0.312 → short-term bullish reversal
Break below 0.287 → continuation bearish
"POWER facing short-term bearish pressure after strong rejection from 0.317. Holding above 0.291 support is key for bounce. Watch 0.305 reclaim for bullish momentum."