Is $POWER ‌ finally waking up or is this just another trap?



Looking at the daily chart, it’s been flatlining for weeks after that massive crash from the $2.00+ levels. It’s basically been a ghost town, but we’re starting to see a tiny bit of green today, up about 8%.

The price is hugging the bottom at 0.099. Usually, when a chart looks this dead for this long, it’s either going to zero or building energy for a relief bounce. Volume is still pretty low, so there's no real conviction from the big players yet.

Resistance is sitting way up at 0.50, so there's a lot of empty space above us if it actually starts moving. But honestly, without a major volume spike, this is just noise.

​I’m watching the 0.10 level closely. If we can flip that and hold it, maybe we see a small run. Otherwise, it's just more sideways pain. Stay sharp.

#GateSquareAprilPostingChallenge
POWER-7.54%
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments