【$POWERUSDT】Don't rush to buy the dip/chase the high, check this first


$POWER One-hour RSI surged to 81, price directly broke through the upper Bollinger Band. This rally is pure emotional release. During regular market fluctuation periods, such sharp rallies like this accumulate risks of buying layer gaps. The four-hour MACD histogram is still expanding, but one-hour level volume can't keep up with the price increase—typical volume-price divergence. Around current price 0.1071, sell walls are noticeably thicker than buy walls. Orders are dense in the 0.1072 to 0.1073 zone, making direct upside pressure significant. Chasing highs at this level has poor profit/loss ratio. Wait for a pullback confirmation. Below at 0.099 to 0.100 is the previous breakout level and EMA20 moving average. If it doesn't break on pullback, you can light a long position with stop loss below 0.0989. First target at 0.1017, reduce position and push to breakeven once reached.
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POWER17,36%
BTC0,62%
ETH0,51%
SOL0,79%
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