🚀 $POWER Trade Setup: Gunning for the $1.00 Barrier! 🚀
Analyzing the 15m chart, $POWER is displaying absolute explosive strength today, currently up over 30%! After a massive initial run-up, the price underwent a very healthy consolidation phase, building a strong base above the 0.85000 level. Now, the bulls have awakened once again. Buyers have aggressively stepped back in, printing a highly impulsive green breakout candle that shattered local resistance. This massive momentum sets the perfect stage for a direct test of the crucial $1.00 psychological level.
Here is a professional, high-probability setup to ride this $POWER momentum wave:
📈 Direction: LONG
⚙️ Leverage: 10x - 15x
🎯 Entry Zone: 0.97000 - 0.98500 (Current market price or scaling in on a slight micro-dip to catch a breather before the $1 test)
💰 Take Profit Targets (TP):
TP1: 0.99996 (Testing the immediate 24h High and the massive $1.00 psychological barrier)
TP2: 1.05000 (First momentum extension target once the $1 level is flipped to support)
TP3: 1.12000 (Extended target for a massive parabolic continuation)
🛡️ Stop Loss (SL): 0.93500
(Positioned safely below the top of the recent structural consolidation block and the breakout origin point to protect capital. If the price bleeds back down through this local support, the breakout momentum has failed, and you want to be out quickly).
🧠 Professional Tip: Remember, executing a good chart setup like this momentum breakout is only 10% of the battle—trading is 90% mindset and psychology! Approaching a massive whole-number resistance like $1.00 often brings extreme intraday volatility. Don't let FOMO or greed push you to over-leverage right at resistance. Manage your risk strictly, take your profits systematically at your targets, and stick to the plan.
#JaneStreet10AMDump #MarketRebound