🔥 $POWER SHORT SETUP – REVERSAL INCOMING
I’ve been tracking $POWER closely, and the structure is clearly showing exhaustion after printing a new ATH around $1.14. Price is still elevated, but volume is fading fast — that’s a classic distribution signal. Buyers are losing momentum while smart money looks like it’s unloading into strength.
I’m positioning for a short here.
📍 Entry Zone: 0.90 – 0.99
📍 2nd Entry: 1.05 – 1.10
🎯 TP1: 0.65
🎯 TP2: 0.45
🎯 TP3: 0.30
🛑 SL: 1.20
On-chain activity also supports the bearish case — large holders appear to be moving tokens toward exchanges, which usually signals preparation for selling. If the 0.85 support level breaks, I expect acceleration to the downside with liquidation pressure pushing price toward the 0.30 demand zone.
This looks like a potential blow-off top scenario. I’m fully aligned with this setup and managing risk accordingly.
Trade smart. Manage risk. 📉
#CryptoTrading #AltcoinAnalysis #PowerToken #ShortSetup #BinanceTrades