I’m seeing a strong sweep down to 1.25 followed by stabilization around 1.50. That 17% drop looks like forced selling, and now price is compressing instead of continuing down. That tells me selling pressure is cooling.
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$POWER – Bullish recovery after deep flush
I’m seeing a strong sweep down to 1.25 followed by stabilization around 1.50. That 17% drop looks like forced selling, and now price is compressing instead of continuing down. That tells me selling pressure is cooling.
1H structure:
Sharp dump to 1.25 liquidity low
Sideways base forming 1.35–1.55
Buyers stepping in near range bottom
I’m watching for breakout from this base.
Trade Setup
Entry: 1.55 – 1.60 on strength
TP1: 1.75
TP2: 1.93
TP3: 2.20
Stop Loss: 1.38
If 1.60 breaks with momentum, range expansion toward 1.75+ is possible.
If 1.38 fails, downside continuation likely and setup invalid.
Clear base. Defined risk. Room to upside liquidity.
Let’s go and Trade now $POWER