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【$POWERUSDT】Don't rush to buy the dip/chase the pump, check this first
$POWER 4-hour level price surged to the Bollinger upper band, but MACD histogram on the 1-hour level has started to contract, with bullish momentum weakening. Early weekend morning during liquidity depletion, buy orders have dried up, with extremely thin pending orders in the 0.111 to 0.1115 zone above, while obvious stacking of bids below 0.1107, typical of fund support. The dog house is distributing on the left side, this kind of high-level low-volume consolidation has already imbalanced the risk-reward ratio. Short directly near current price 0.1107, set stop loss above 0.112, looking for a retest toward 0.105 area, take profits in batches when reached.
Check real-time market 👇 $POWER
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