$POWER's rebound has indeed been fierce, with four consecutive days of more than double the gains. After reaching the recent high last night, it failed to make a new high and instead started to oscillate repeatedly at high levels.
From the daily chart, the signs of a decline are already quite evident. The 1-hour candlestick chart shows a series of downward moves with no strong rebound signals. The price lacks buying support at high levels, and selling pressure is beginning to surface.
This level is definitely worth paying attention to—considering the rebound strength and the current fatigue, the reversal signals are quite clear. In the short term, focus should be on whether the previous key support levels can hold. If broken, there may be further room for adjustment. The market rhythm is changing, so one must follow the rhythm.
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SchrodingerGas
· 11h ago
The rebound doubles but doesn't hit a new high, indicating that the main players have already run away. We're still holding the bag at high levels, fellow retail investors.
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nft_widow
· 11h ago
Oh no, I'm a bit scared of this high-level fluctuation; the joy of doubling earlier has instantly evaporated.
If the support level breaks, we have to run.
We need to keep rhythm with the pace, or else we'll just be caught by the rhythm.
This position definitely calls for slowing down and observing.
Doubling in four days sounds great, but a pullback can happen in just a second.
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BlockchainBard
· 11h ago
Doubling in four days and then starting to get tired, I'm too familiar with this rhythm, I need to exit.
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MercilessHalal
· 12h ago
Doubling in four days and now starting to get tired? I told you this rebound has too much false momentum; it should have been pulled back long ago.
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OneBlockAtATime
· 12h ago
Doubling in four days and already starting to get tired. I'm afraid this wave might be about to exit.
$POWER's rebound has indeed been fierce, with four consecutive days of more than double the gains. After reaching the recent high last night, it failed to make a new high and instead started to oscillate repeatedly at high levels.
From the daily chart, the signs of a decline are already quite evident. The 1-hour candlestick chart shows a series of downward moves with no strong rebound signals. The price lacks buying support at high levels, and selling pressure is beginning to surface.
This level is definitely worth paying attention to—considering the rebound strength and the current fatigue, the reversal signals are quite clear. In the short term, focus should be on whether the previous key support levels can hold. If broken, there may be further room for adjustment. The market rhythm is changing, so one must follow the rhythm.