POWER current price is 0.291. Although there are signs of a rebound on the four-hour chart, the overall downward trend remains evident. The key point is that both of the two attempts to break through the resistance level were thwarted on the daily chart, indicating heavy trapped positions above. The rebound is likely a trap for more buying, and fundamentally, this price level no longer has upward momentum. Looking at the technical pattern, there is at least a twenty-point downside space ahead. No need to overthink; just open a short position at the market price, as the real opportunity lies below.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
14 Likes
Reward
14
6
Repost
Share
Comment
0/400
AirdropATM
· 8h ago
The trap is coming again; I've seen this trick too many times.
View OriginalReply0
PoolJumper
· 8h ago
I'm tired of this pump-and-dump routine, just go short directly.
View OriginalReply0
SatoshiSherpa
· 8h ago
Tired of the trap tricks? Just go short and be done with it.
View OriginalReply0
ForkThisDAO
· 8h ago
Rebounds are all tricks; short sellers are safely getting on board.
View OriginalReply0
LuckyHashValue
· 8h ago
It's the same old story, I'm tired of hearing it... How many times have I heard the phrase "a false rebound"?
View OriginalReply0
ETH_Maxi_Taxi
· 9h ago
I've seen through the tricks of market manipulation long ago; just short it directly, and it's over.
POWER current price is 0.291. Although there are signs of a rebound on the four-hour chart, the overall downward trend remains evident. The key point is that both of the two attempts to break through the resistance level were thwarted on the daily chart, indicating heavy trapped positions above. The rebound is likely a trap for more buying, and fundamentally, this price level no longer has upward momentum. Looking at the technical pattern, there is at least a twenty-point downside space ahead. No need to overthink; just open a short position at the market price, as the real opportunity lies below.