📉 IS THE $POWER PLUG BEING PULLED? 📉 (Short)
ENTRY: 0.4316 – 0.4435 🎯
SL: 0.4750 🛡️
TP 1: 0.4050 💰
TP 2: 0.3880 🔥
TP 3: 0.3720 🚀
🕵️ Why are we shorting POWER?
Vertical Blow-off Top: POWER has just printed a massive parabolic candle, shooting up over 13% in a very short timeframe to hit a high of 0.44353. These "skyscraper" candles on the 1H chart are often the final stage of an exhaustion move before a sharp correction. 📈
Immediate Resistance Rejection: As seen in your chart, the price touched the 0.443 level and was met with instant selling pressure, leaving a red wick at the top. This shows that big players are using this liquidity to exit their long positions. 🛑
MACD Overextension: While the MACD is currently bullish, the distance between the DIF and the Signal line is extremely wide. This usually indicates that the move is overstretched and due for a "mean reversion" back toward the moving averages. 📉
Volume Climax: The most recent green volume bar is significantly higher than previous ones, which often marks a "buying climax." Once the last buyers are in at the top, the lack of new demand typically causes the price to cave in toward the 0.380 support zone. ⛽
