🔥
While many traders are getting excited about the recovery, the structure suggests something different… a potential downside continuation.
$POWER – SHORT SETUP
📊 Trading Plan:
📌 Entry: 0.12154 – 0.12317
🛑 Stop Loss: 0.12724
🎯 TP1: 0.11746
🎯 TP2: 0.11583
🎯 TP3: 0.11257
Why This Setup Looks Bearish:
On the 4H chart, the structure is shaping into a clear short opportunity, while the 1D timeframe remains range-bound, which often creates perfect zones for rejection.
⚡ Key reaction zone:
The most critical area to watch is 0.12154 – 0.12317 (midpoint 0.12235).
This isn’t just a bounce — it’s a decision level where sellers may step in aggressively.
📉 Momentum supports downside:
The 15M RSI sits around 43, which keeps momentum neutral-to-bearish and leaves room for downside pressure to build.
📊 Volume insight:
Current 15M volume is 2.74M vs a 1H baseline of 5.98M (0.46×), meaning the bounce is not supported by strong participation — a classic sign of a weak recovery before rejection.
As long as 0.12724 holds as resistance, the downside path remains open with 0.11746 as the first target.
If sellers gain momentum and the move expands instead of chopping sideways, 0.11257 becomes the deeper extension target.
💡 The Big Question:
Will TP1 get hit quickly…
or will this zone break before the real drop begins?
👀 Smart traders are watching this level carefully.
Trade it here 👇