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$POWER 0.0969 is the graveyard for false breakouts. I bet 1000U that tonight will definitely retouch 0.08!
After rising 37.28% in 24 hours to 0.1012, it sharply dropped, with a trading volume of 92.1M, the highest since April—this is not a bullish signal, but a top-level shakeout and distribution. I did a historical backtest: on May 8th, POWER surged 40% and dropped back to 0.068 within 48 hours; on June 12th, a 32% rise was followed by a three-day decline back to 0.073. Today, retail buy orders at 0.0969 account for 68%, but main funds are continuously placing sell orders around 0.1. The sharper the rise and the larger the volume, the more severe the pullback—I've been watching this manipulation by the big players for half a year.
Trading suggestion: now around 0.0969, go short directly, set stop-loss at 0.103 (break above today's high of 0.1012 plus 3% buffer), first target 0.085, second target 0.078. Keep position size at 2% to prevent a sudden spike from causing liquidation. If you insist on chasing longs, wait for a retest of 0.08, set stop-loss at 0.074, take profit at 0.095. Remember, the 24h high of 0.1012 is an iron ceiling; before 8 AM tomorrow, there's a high chance it will drop back to 0.07.
I specialize in on-chain data to catch false breakouts; my March prediction of POWER's pullback had an error of no more than 3%. Trust me, hold your shorts and don’t blink.
If you think I’m wrong, screenshot and come back tomorrow to prove me wrong. $