$POWER Here's a detailed analysis of $POWR Power Ledger based on its recent liquidation levels and price action.
Overview of $POWR.
1. A long liquidation of $1.1277K was recorded at $0.2703, meaning some traders exited their positions due to a price drop below this level.
2. This indicates selling pressure, but it can also signify a potential bounce if the price finds support.
Next Steps and Analysis.
Support and Buy Zone.
Based on recent price levels and liquidation data, the support zone for $POWR is likely around $0.2600–$0.2700.
This zone is ideal for considering buy positions, as it represents a possible area where the price could rebound.
Targets.
1. Short term Target: $0.2850 10% upside potential.
2. Mid term Target: $0.3000 resistance area.
3. Long term Target: $0.3200 if momentum continues.
Stop Loss.
A stop loss should be placed slightly below the support zone to minimize risks. Ideal stop-loss: $0.2550.
Trading Plan.
1. Entry Point.
Accumulate near $0.2600–$0.2700.
2. Targets.
Target 1: $0.2850
Target 2: $0.3000
Target 3: $0.3200
3. Risk Management. Use a stop-loss at $0.2550.
Additional Notes.
If $POWR breaks $0.3000, it may rally towards $0.3200 or higher.
Monitor trading volume. Rising volume near support indicates strong buying interest.
Avoid overleveraging as cryptocurrency prices can be highly volatile.
Let me know if you need further clarification.
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