$POWER -4.3% with a 2.4x volume spike — liquidity grab or trend reversal?
My bias remains bullish. The sharp 15M sell-off looks more like a liquidity grab and long flush into the previous higher-low area than clean distribution. With 1H, daily, weekly and BTC structure still aligned bullish, I am not looking to chase shorts into this dump.
Key demand: 0.10561–0.10108
I’m watching this zone for a potential sweep and reclaim. The ideal confirmation would be a 5M–15M market-structure shift, bullish engulfing candle, or strong rejection from the demand zone.
If the setup confirms, upside targets are:
TP1: 0.12827
TP2: 0.13362
TP3: 0.14363
Invalidation: 1H close below 0.10561.
Flow: OI $5.0M (+27.7% 24H) | Funding +0.0050% | Taker 0.85×
The strategy is simple: wait for the sweep, wait for confirmation, then look for continuation. No blind entries and no chasing the dump.
Not investment advice. Educational report only.
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