🔥 $POWER Pumped hard, but now catching its breath near resistance
This thing ripped nicely recently, but looking at the last few 4h candles, volume's really tapered off (24h sitting around 513M compared to those earlier monster spikes over 1B). Feels like the buyers are taking a breather as we hit this resistance zone. That usually means buyers are getting a bit tired or cautious as we approach resistance.
Capital flows are mixed too:
- Short-term (6H +1.27M, 1H +304K) still looks decent – some fresh money coming in.
- But 24H is negative (-2.5M), which screams profit-taking after the run-up.
*My take $POWER : cautiously bullish overall. The trend is up, but I think we'll see some consolidation or a little pullback before the next leg higher.
*How I'm planning to trade it:
- Buy the dip: If price drops back to 0.300–0.310 (around MA20 support), that's where I'd look to add.
- Breakout play: Wait for a clean move above 0.340 with volume picking up again.
- Stop-loss: probably 0.285–0.295 (just under key support and MA20 to give it room).
- Targets $POWER : 0.370–0.390 if it runs
Pullback coming or straight through? Hit me in the comments! #power #powerusdt #PowerProtocol