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Is this a blow-off top or just the first major pitstop?
$POWER is looking absolutely insane right now, up over 800% in a month. We just hit a high around 2.16 and now we’re seeing some expected volatility. It’s trying to hold that 1.83 level, but you can see the long wicks on these daily candles showing some serious profit-taking.
Volume is still massive at 679M USDT, so the interest hasn't died down yet. If we can consolidate here and build a floor above 1.60, there might be another leg left in this. But if we lose that 24h low, things could get ugly fast as people rush for the exit.
I'm staying cautious with this one since it's already extended so far. Are you chasing this move or waiting for a deeper pullback?
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