🚀 $POWER LONG: REVERSAL AT THE 0.22 SUPPORT FLOOR? 📈 [Long]
Power Protocol (POWER) is currently testing a critical support zone around 0.2240, following a sharp corrective phase from its recent local high of 0.3577. While the 1H chart shows the price is currently below the major EMAs, the "bottoming out" structure near the 24h low suggests that the selling pressure is beginning to exhaust, setting the stage for a potential bullish relief rally.
📈 TRADE SETUP
Entry Zone: 0.2280 – 0.2350 (Accumulate near the current consolidation base)
Target 1: 0.2699 (Retest of the EMA 25 resistance)
Target 2: 0.3019 (Major resistance at the EMA 99)
Stop Loss: 0.2150 (Safety buffer below the recent 24h low of 0.2240)
🔍 THE ANALYSIS
The price action for POWER is currently showing a stabilization pattern after a significant -31.61% drop today. On the 1H timeframe, the MACD histogram is beginning to print smaller bearish bars, and the DIF/DEA lines are starting to flatten out, which often precedes a bullish crossover. While the overall trend remains bearish in the short term, the current price is heavily discounted, trading nearly 35% below its daily peak. By setting the Stop Loss at 0.2150, we protect against a further breakdown while positioning for a move back toward the EMA 25 (0.2617) as buyers step in at these undervalued levels.
Can POWER reclaim the 0.30 level by the weekend, or will the 0.22 support break? Drop your vote below! 👇
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