#CelebratingNewYearOnGateSquare Analyze the market structure of this POWER/USDT chart.
Market Structure Analysis:
Current Market Structure:
· The coin appears to be in a downtrend (showing -27% to -28% decline)
· Price is around $1.3837-$1.3945 across the screenshots
· 24h High: $2.2000, 24h Low: $1.2500
Break of Structure Identification:
· The BOLL indicators show compression across the three timeframes:
· 4 H: BOLL (1.3220), UB (2.2594), LB (0.3845)
· 1 H: BOLL (1.4759), UB (1.7309), LB (1.2210)
· 15 M: BOLL (1.4391), UB (1.4917), LB (1.3866)
Demand Zone:
· The $1.2500 level (24h low)