⚡ $POWER — What’s Going On?
Let The Data Talk.
No panic.
No hope.
Just structure + derivatives.
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📉 Price Action (5m)
• Rejected from 0.50 zone
• Sharp liquidation wick to ~0.37
• Immediate bounce back to 0.43–0.44
• Now trading below MA25
This was a leverage flush.
Not organic selling — forced selling.
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📊 Open Interest
OI dropped significantly during the dump.
That confirms:
Longs got liquidated.
Positions were wiped.
Now OI stabilizing.
Meaning:
Reset phase.
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👥 Long / Short Ratio
Longs were dominant before the drop.
After the flush → ratio cooling.
Crowd got punished.
This reduces immediate downside fuel.
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💰 Funding
Funding printed -1.99%.
That’s extreme.
When funding goes that negative:
Shorts are overcrowded.
Market imbalance created.
These levels often precede violent counter-moves.
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🔥 Taker Volume
Huge sell spike → then buy reaction.
That’s classic liquidation + absorption behavior.
Big players likely stepped in near lows.
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🎯 Key Levels
Support: 0.37
Current pivot: 0.43
Resistance: 0.45–0.46
Above 0.46 with OI expansion →
Short squeeze continuation possible.
Below 0.40 again →
Second flush risk.
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📌 Summary
Trend: Volatile
Leverage: Flushed
Funding: Extreme negative
Structure: Attempting stabilization
This is not normal price action.
This is positioning warfare.
Let the levels confirm direction.
Data > Emotion.
#power #crypto #BinanceSquare #PERPS #MarketStructure
