Pair: POWR/USDT
Timeframe: 8H
Structure: Descending trendline breakout watch
POWR has been moving within a broad descending structure and is now testing the upper trendline with price pushing into the resistance zone around 0.2000. Momentum is building as it tries to break out of the prolonged downtrend.
Bullish case:
A confirmed breakout above 0.2050 with strong volume could trigger continuation to the upside. If that happens, the next upside levels to watch are 0.2300 and 0.2600. Look for a retest of the breakout level for a safer entry.
Bearish case:
If POWR fails to sustain above 0.2000 and drops back under 0.1800, we might see selling pressure resume with targets back toward 0.1600 and 0.1500.
Price is at a critical decision point. Wait for clear breakout confirmation before taking a position. Set alerts and monitor volume closely.
Timeframe: 8H
Structure: Descending trendline breakout watch
POWR has been moving within a broad descending structure and is now testing the upper trendline with price pushing into the resistance zone around 0.2000. Momentum is building as it tries to break out of the prolonged downtrend.
Bullish case:
A confirmed breakout above 0.2050 with strong volume could trigger continuation to the upside. If that happens, the next upside levels to watch are 0.2300 and 0.2600. Look for a retest of the breakout level for a safer entry.
Bearish case:
If POWR fails to sustain above 0.2000 and drops back under 0.1800, we might see selling pressure resume with targets back toward 0.1600 and 0.1500.
Price is at a critical decision point. Wait for clear breakout confirmation before taking a position. Set alerts and monitor volume closely.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🚀 Join My Telegram Community for FREE trading signals, entry/exit points, and instant updates!
👉 t.me/cryptobyghazii
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.