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$POWER's recent performance is starting to show signs of fatigue. Multiple upward attempts have failed to effectively break through previous highs, and each rally lacks follow-through momentum. Instead, selling pressure above is becoming more apparent. This kind of stagnation usually indicates that a correction phase may be upcoming.
From a technical perspective, the current price level can indeed be considered for short positions. However, one should be cautious—before a genuine decline, there is often a final trap rally designed to lure in buyers. This is a common pattern. If you can grasp the direction correctly, the gains can be substantial, but the premise is that you are responsible for your trading decisions.
Of course, there are no absolute rules in trading. If your bullish logic is valid, you can continue to go long. The key is to act according to your own judgment and risk tolerance.