POWR/USDT Technical Analysis & Trade Signal
Current Price: $0.2778
24h Change: +20.89%
Technical Analysis:
1. Trend: The price has been trending upwards, showing strong bullish momentum in the past 24 hours.
2. Support: Immediate support is at $0.2391 (SAR level) and $0.2243 (24h low).
3. Resistance: Strong resistance lies near $0.2790 (24h high), followed by $0.2817 (Depth level).
4. Momentum: The price action is suggesting continued upward momentum with the recent breakout above $0.2778.
Trade Signal:
Buy Entry: Around $0.2778 (current price).
Target Levels:
1. Target 1: $0.2817
2. Target 2: $0.2900
3. Target 3: $0.3000 (next resistance zone)
Stop Loss: $0.2391 (SAR level)
Momentum:
Positive momentum indicated by the +20.89% 24h increase.
If price holds above $0.2778, momentum could continue to push towards resistance levels.
Conclusion:
Consider entering a long position around $0.2778, with targets at $0.2817, $0.2900, and $0.3000. Keep the stop loss near $0.2391 to manage risk. If the price breaks below $0.2391, it may indicate a trend reversal.
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