$POWR
/USDT Technical Analysis & Trade Signal
Current Price: $0.2681 (+8.19%)
Momentum: Bullish (Strong upward movement with increased volume)
Key Indicators:
RSI: Indicating overbought zone (>70), suggesting momentum but potential pullback soon.
Moving Averages:
EMA(20): Acting as support around $0.2520.
EMA(50): Bullish crossover confirmed, supports upward trend continuation.
Volume: High 24h trading volume confirms strong market interest.
Trade Signal: Buy on Dips
Entry Zone: $0.2600 - $0.2650
Stop-Loss: Below $0.2480
🎯 Targets:
1. Target 1: $0.2800 (Near previous high, short-term resistance)
2. Target 2: $0.2950 (Mid-term resistance with stronger bullish sentiment)
3. Target 3: $0.3100 (Key resistance zone with breakout potential)
Momentum Strategy:
If momentum slows or RSI diverges, partial profits near Target 2 are advisable.
Close monitoring required near Target 3 for breakout or reversal signs.