😫$POWER just lost key support…🩸downside not finished yet.😭
That red line I marked was key support.
Price respected it multiple times… until it didn’t.😭
🔥 Once support broke → strong sell-off followed
📉 Momentum flipped bearish
🩸 Liquidity swept, weak hands shaken out
What this tells us:
Old support = new resistance
No confirmation = no longs
Catching falling knives = ❌
Levels to watch now:
⚠️ Resistance: 0.21 – 0.23
🧲 Possible bounce zone: 0.15 – 0.16
Trend bias: Bearish until proven otherwise
Trading lesson 🧠
Support is not support until price holds it.
Wait for confirmation, not hope.