$POWR Shocks the Market: $3.2886K Long Liquidation at $0.30549! ⚡️
POWR just dropped a bombshell, liquidating $3,288.60 in long positions at $0.30549! The bulls thought they had the upper hand, but this brutal liquidation marks a serious warning sign. The bears are stepping in, and a deeper correction may be on the horizon.
💥 What Happened? 1️⃣ Sellers are gaining control as price fails to maintain the upward momentum.
2️⃣ This liquidation could signal the start of a short-term downturn, but watch closely—this might be the calm before the storm.
📉 Key Levels to Monitor:
Support: $0.290 — A critical level for bulls to defend.
Resistance: $0.315 — A push above this could suggest the bulls are trying to regain control.
🎯 Target Zones:
Short-term: $0.280 — A retracement is likely before the next big move.
Mid-term: $0.320 — If the bulls reclaim momentum, this is the next key resistance level.
⚠️ Risk Management:
For those looking to enter long again, a stop-loss near $0.285 can protect against further losses.
🔥 POWR is in a dangerous zone right now. If you’re not already in, proceed with caution and watch for signs of stabilization before making your next move!