๐ฃ $POWER USDT Parabolic Collapse: PEAK REJECTION [SHORT] โฌ๏ธ
โTrading Thesis: POWER has witnessed an unsustainable, near-vertical spike, running over +24.57\% to a 24-hour high of 0.23700. This move is a classic parabolic blow-off top, leaving the price critically extended and ripe for an aggressive, high-velocity mean-reversion SHORT trade back towards the averages.
โDirectional Bias: AGGRESSIVE SHORT
โ๐ What the Chart is Telling Us:
โExtreme Spike: The single, massive green candle shows a textbook unsustainable move, pushing the price far above any short-term mean. This type of move is almost always followed by a sharp and immediate correction.
โVolume and Momentum: The huge volume accompanying this spike suggests a final liquidity grab, but the lack of follow-through candles indicates that buying pressure has been exhausted at the peak.
โImmediate Target: The price is highly deviated from the averages. The immediate correction target is the inevitable snap-back to the first major support level or the short-term EMA.
โMy High-Conviction Trading Thesis (SHORT Bias): The price is exhibiting an extreme overbought condition and is guaranteed to pull back sharply. Shorting this parabolic spike near the 0.23 mark is the highest reward-to-risk trade available.
โ๐ ๏ธ The Trade Plan (Detailed List)
โEntry Zone: Initiating the position immediately upon the first red candle or sign of rejection, near the current market price around $0.23200 - $0.23500.
โCritical Stop: Place your stop loss just above the 24-hour high at $0.23900. A close above this level invalidates the short idea and signals further vertical movement.
โTarget 1 (T1): Targeting the top of the candle body and the first area of stability, around $0.21000.
โTarget 2 (T2): A break of the T1 support targets the bottom of the parabolic candle's wick (the entry point for the pump), near the $0.19000 level.
โHow low will POWER crash on this inevitable correction? Drop your price! ๐
