POWR/USDT,
trading strategy for POWR/USDT, I'll guide you through key analysis steps based on the provided chart:
Analysis Overview
Current Price: $0.2761 (+3.14%)
24H Range: $0.2500 - $0.2829
Trend: The price appears to be in a short-term upward trend.
Moving Averages:
MA(5) and MA(10) are pointing upwards, signaling a bullish momentum.
MA(99) acts as long-term support ($0.2630).
Entry/Exit Strategy
Entry Strategy
1. Pullback Entry:
Wait for the price to retrace slightly to a support level (e.g., $0.2730 or $0.2700) before entering the trade.
Use the 15-min chart for confirmation (look for green candles after a pullback).
2. Breakout Entry:
Enter if the price breaks above the resistance at $0.2830 with strong volume.
Set stop-loss slightly below $0.2750 to minimize risk.
Exit Strategy
1. Take Profit Zones:
Target the next resistance levels at $0.2900 and $0.3000.
Exit in portions (e.g., sell 50% at $0.2900 and the rest at $0.3000).
2. Stop Loss:
Place a stop-loss at $0.2630 (below MA(99)), as breaking this could signal a trend reversal.
Golden Hints
1. Monitor Volume:
A rising price with increasing volume confirms the uptrend.
Avoid entering trades with weak or declining volume near resistance.
2. RSI Check:
Ensure RSI is not in the overbought zone (>70). If overbought, wait for a slight correction before entering.
3. News and Sentiment:
Stay updated with news about POWR to avoid unexpected volatility.
4. Timeframe Alignment:
Check higher timeframes (1H, 4H) to ensure the bullish trend aligns with the 15-min chart.
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