Recently, I have been monitoring the trend of POWER. This coin has been consolidating at its current price level for quite some time and shows signs of a potential breakout. From a technical perspective, if the current resistance level is broken, it could be a signal that the long positions on the left side are being wiped out—whales' actions are still quite obvious.
For short-term traders, considering shorting on the right side could be an option. However, such operations must be accompanied by proper risk control, and placing the stop-loss at the previous high is a safer approach. If this move succeeds, the short-term profit potential should be good, but it is crucial to strictly adhere to stop-loss rules, especially since market fluctuations are rapid, particularly near breakout levels.
The recent trading volume of the POWERUSDT trading pair has also been increasing, which indirectly confirms that the market may soon show some movement. Interested traders can keep an eye on how this level performs.
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BearMarketLightning
· 11h ago
The market maker's washout tactics are still the old tricks; I am optimistic about POWER's recent dip.
I just want to ask, did that previous high really fail to hold?
The increased trading volume is indeed interesting, but don't be fooled into jumping in.
Shorting is okay, but I think we should wait a bit longer for the bottom confirmation.
This coin has been hyped by too many people lately; we need to be cautious.
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NFTPessimist
· 11h ago
The tactics of the market makers to cut leeks, if the level breaks, just break it, don't bother with those false signals.
If POWER could really make money, there would be no need to talk about risk control every day.
It's been consolidating for so long, it's time to leave, just see who takes over the position.
Is the trading volume increasing? Maybe it's the big players offloading, haha.
You can short, but don't lose your pants. It's easy to say, but hard to do.
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DefiPlaybook
· 11h ago
The old trick of market makers washing out the stops is always the same. Every time they say "the left-side longs are being wiped out," but then they reverse and push the market up. Retail investors like us end up as the bagholders [dog head]
Listening to the idea of shorting sounds good, but I still say—if the stop-loss isn't executed properly, even the best strategy is useless. The market's biggest story isn't lack of explosive liquidations.
When trading volume increases, is it time to move? I feel like this time it might be a bit fake. We need to see what the big wallets are doing.
After such a long sideways movement, the real main upward wave hasn't come yet. Don't be fooled into jumping in.
If this time really breaks the level successfully, I might consider going all in. But the premise is to hold onto my chips and not be greedy.
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WenAirdrop
· 11h ago
After such a long sideways movement, it feels like the big players are just waiting to cut the leeks
I'm afraid to short now, stop-losses are all fake, and when I lose money, I can't even hold it
When the trading volume increases, it's a sign of distribution, I don't believe you
I'm already tired of POWER, I'd rather play with new coins
Shorting? Forget it, brother, I still feel more secure holding onto my assets
View OriginalReply0
RugpullSurvivor
· 11h ago
The dealer's move is really dirty. The left-side retail investors are probably going to get cut again.
I dare not chase the short, stop-loss will never make money.
Trading volume is increasing... I'm starting to feel a bit anxious.
Where could this coin go? Who knows?
View OriginalReply0
TokenCreatorOP
· 11h ago
The market maker is indeed shaking out the weak hands; I bet on this breakout.
Recently, I have been monitoring the trend of POWER. This coin has been consolidating at its current price level for quite some time and shows signs of a potential breakout. From a technical perspective, if the current resistance level is broken, it could be a signal that the long positions on the left side are being wiped out—whales' actions are still quite obvious.
For short-term traders, considering shorting on the right side could be an option. However, such operations must be accompanied by proper risk control, and placing the stop-loss at the previous high is a safer approach. If this move succeeds, the short-term profit potential should be good, but it is crucial to strictly adhere to stop-loss rules, especially since market fluctuations are rapid, particularly near breakout levels.
The recent trading volume of the POWERUSDT trading pair has also been increasing, which indirectly confirms that the market may soon show some movement. Interested traders can keep an eye on how this level performs.