Why: Price consolidating above MA7 and far above MA25 after strong breakout shows trend strength and buyers still defending dips. The sharp impulse followed by tight pullback suggests continuation rather than reversal. Momentum remains bullish with higher lows forming, indicating accumulation before potential next leg up.
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$POWER still holding bullish continuation structure after explosive impulse move
Long $POWER
Entry: 1.35 – 1.45
SL: 1.18
TP1: 1.50
TP2: 1.60
TP3: 1.70
TP4: 2.00
Why:
Price consolidating above MA7 and far above MA25 after strong breakout shows trend strength and buyers still defending dips. The sharp impulse followed by tight pullback suggests continuation rather than reversal. Momentum remains bullish with higher lows forming, indicating accumulation before potential next leg up.
Trade $POWER here 👇
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