📊 Chart Breakdown – POW Token on Binance (1H)

🔹 Current Price: $BTC 108,250

🔹 24H Range:

🔼 High: $BTC 108,420.56

🔽 Low: $BTC 107,756.31

🔹 24H Volume:

BTC: 3,706.65

USDT: 400.66M

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🔍 Technical Snapshot (1-Hour Chart)

✅ Short-Term Support:

Key bounce zone around $107,245.00 (local bottom)

📈 Resistance Levels:

$108,403.59 – Immediate resistance

$108,821.44 – Next key zone

$109,144.33 – Recent top, strong resistance

📉 Candle Action:

Consolidation phase after a sharp drop from $109K+

Higher lows forming, showing early signs of strength

Price testing mid-resistance at ~$108,250

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🔮 What's Likely Next?

🟢 Bullish Scenario:

If price breaks and holds above $108,400, it could:

Test $108,800–$109,200 next

Confirm a short-term reversal

🔴 Bearish Risk:

If price gets rejected again and drops below $107,800,

Look for a retest of $107,245

A break below that may open down to $106.5K

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🧠 Quick Tips:

Scalpers can range trade between $107.8K–$108.4K

Swing traders should wait for breakout confirmation

Set tight stop-losses below key support/resistance levels

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