$POWER printed an aggressive 4H impulse from ~0.24 — 0.41 — a near-parabolic expansion with momentum climax candles. However, the latest 4H shows sharp rejection from highs and immediate sell pressure, signaling early distribution after the blow-off move.
Price is now hovering around 0.35 — a key post-breakout acceptance zone. If this level weakens, a deeper rotational pullback toward lower liquidity is likely before any continuation attempt.
Short Setup:
Entry: 0.352 – 0.365
SL: 0.392
TP1: 0.318
TP2: 0.292
TP3: 0.265
As long as price remains capped below the spike high supply (~0.40+), upside follow-through looks limited short term while downside mean reversion remains favored. Manage risk. 📉📊
