$POWER Shorting on the way down. This rally mainly benefited from BEAT, lacking independent upward momentum. The monthly chart is still in a downtrend, and this breakout seems more like a false move, as trading volume has not continued to increase. Although there aren't many trapped positions above, it indicates weak market participation, and no one is willing to lock in their positions. Once BEAT's popularity wanes, POWER can easily revert to its original state. The bottom doubling is real, but for a coin that has been declining for two months, relying on a pulse to reverse is too unlikely. The current position is suitable for short entries, with stop-loss placed above the previous high, waiting for it to gradually fall back.

POWER-2.51%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
Add a comment
Add a comment
A-GuiBtc
· 15h ago
Buy the dip 😎
View OriginalReply0
A-GuiBtc
· 15h ago
Buy the dip 😎
View OriginalReply0
  • Pinned