🟢 POWER Short Closed | Jan 12, 16:50 UTC +20% ROI in ~5 hours Dead cat bounce played out.

🔴 POWER Short Setup | Jan 12, 13:45 UTC

Watching POWER for a short entry. Here's why:

The Setup:
- 1D: Strong downtrend from $0.43, bounced +17% from $0.126 low
- Now rejecting from $0.165 back to $0.144
- Funding: +0.034% (positive = longs pay shorts)
- L/S Ratio: 1.25

My Plan:
- Entry: $0.147-0.148
- SL: $0.168 (above local high)
- TP1: $0.136 (+8%)
- R:R ~1:1.5

Why this works:
Classic dead cat bounce play. Price pumped from the lows but got rejected hard at 0.165. Now sitting below all MAs on the 1H chart. BTC chopping around 90.7k doing nothing = alts have no reason to pump.

The catch:
L/S Ratio is only 1.25 — I usually want to see 2.0+ before shorting. Higher L/S means more retail longs to liquidate on the way down = more fuel for the move. At 1.25 there's less "trapped longs" energy, so the move might be slower or weaker.

Because of this I'm going smaller size than usual. If I'm wrong, I lose less. If I'm right, I still make decent ROI on 5x.

Not a perfect setup, but decent enough to take a small shot.