๐จ $POWR /USDT โ Breakdown or Bounce Incoming? โ ๏ธ
$POWR is sitting at $0.1858, down -2.36%, and hovering just above its 99-day moving average. With RSI flashing deep oversold signals, is a reversal on deck or are we headed lower? Letโs dig into the data! ๐
๐ Market Overview
๐ Current Price: $0.1858
๐ 24h High: $0.1962
โ๏ธ 24h Low: $0.1844
๐ Volume:
POWR: 2.02M
USDT: 385,341
๐ Moving Averages:
MA(7): $0.1915
MA(25): $0.1918
MA(99): $0.1855 (sitting right on key long-term support!)
๐ RSI (6): 23.20 (Extremely oversold โ watch for a sharp move)
๐ MACD: Bearish but nearing potential crossover
๐ POWR Trade Setup โ Key Levels to Watch
๐น Bullish Scenario (If POWR reclaims $0.1880+):
Entry: Above $0.1885
Targets: $0.1925, $0.1960, $0.2000
Stop-Loss: $0.1830
๐น Bearish Scenario (If POWR breaks below $0.1840):
Entry: Below $0.1835
Targets: $0.1790, $0.1750, $0.1700
Stop-Loss: $0.1890
๐ Should You Hold or Sell?
โ RSI at 23 = bounce territory; eyes on volume spikes
โ Holding MA(99) = structure still intact, but barely
โ ๏ธ A break below $0.1840 = opens doors to fast downside
๐ก Pro Tip:
๐ If bulls reclaim $0.1885 with volume, upside potential toward $0.20 is strong
๐ Low-volume consolidation = stay cautiousโdead cat bounce risk remains
๐ข Holding POWR or planning to short it? Drop your strategy in the comments! ๐
๐ฅ LIKE & SHARE if youโre finding these setups helpful for your trading edge! ๐