$POWER is grinding back into supply, but the bounce feels corrective rather than impulsive no real strength behind the move.
Trading Plan — Short $POWER
Entry: 0.345 – 0.360
SL: 0.375
TP1: 0.330
TP2: 0.312
TP3: 0.295
Price rotated into a prior distribution zone and immediately began to stall. There’s no meaningful expansion on the upside, and every minor push higher is getting absorbed by sell pressure.
Volume isn’t supporting continuation up, which reinforces the idea that this is likely a relief bounce inside a broader bearish structure.
As long as price stays capped below 0.372–0.375, the bias remains tilted to the downside.
If sellers defend this area again and momentum expands lower, I’ll be looking for a sweep of the liquidity resting beneath 0.33 first.
A breakdown there opens the door for continuation into the deeper prior demand base around the 0.295 region.
Clear invalidation above 0.375 keeps the risk defined structure and momentum will dictate how far this move extends.
