POWR heading back down to test support at the 3100sat level for the third time. It is forming a descending triangle pattern which usually is a bearish sign. However if this support level holds for the third time it will form a triple bottom which is a strong reversal sign and we may see a decent bounce and a break out of the triangle.
My ultimate entry for a POWR long hold is the 3k area but if it looks like this support is going to hold again I will look for an entry once confirmed.
If it breaks down here then the next key support level is a weekly at around 2950sats.
Watching closely.
My ultimate entry for a POWR long hold is the 3k area but if it looks like this support is going to hold again I will look for an entry once confirmed.
If it breaks down here then the next key support level is a weekly at around 2950sats.
Watching closely.
Transaction en cours
Partially filled my buy at 3030 and now long on powr!Transaction en cours
Order filled!Note
I removed my stop loss in this case as i feel like powr is a good long term hold. Continuing to hold.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.