Technical Analysis for $POWR
/USDT
Current Price: $0.2961
24h Change: -0.97%
Trend: Bearish (based on recent 24h drop and price moving below resistance)
Support & Resistance Levels
Support: $0.2832 (24h low)
Resistance: $0.3123 (24h high)
Indicators
RSI: Slightly bearish (indicating no oversold conditions, but price under pressure)
MACD: Bearish crossover suggesting continued downward momentum in the short term.
Moving Averages: Price is under the short-term MA, indicating weakness.
Trade Signal & Momentum
Short-term Momentum: Bearish
Trade Signal: Short position recommended if price breaks below $0.2900 and maintains below $0.2961.
Target Levels
1. Target 1: $0.2850 (Support Test)
2. Target 2: $0.2780 (Next support zone)
3. Target 3: $0.2650 (Lower trend support)
Trade Strategy
Enter short if price breaks $0.2900 with confirmation.
Set stop-loss at $0.3000 for risk management.