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I don't know why but when tokens like $FHE pump, they keep pump and pumping slowly. But somehow they just need one candle to dump it back to the demand area. ------++++------- $SIREN | $POWER . . . #USRetailSalesMissForecast | #WhaleDeRiskETH | #USTechFundFlows | #BTC走势分析 | #btc70k
$POWER facing resist on 4h tf once again. We saw lot of selling order comes from this area. RSI shows sign of overbought and we see the rejection candle on it.
So what did I expected?
I expecting the price to pullback retesting the area 0.618 retracement or even 0.5 retracement at 0.3 and 0.28. Then, if somehow buyers react with great volume, I will take profit from my short position at 0.44