Cena PowerledgerPOWR

This message indicates that the cryptocurrency POWR has successfully reached its fourth target price. The following day, it is expected to be included in a list of high-gain tokens, with a suggested buying area of 0.245 USDT.

$POWR /USDT BUY LONG ENTRY 0.245 STOP LOSS 0.232 TAKE PROFIT 0.250 0.255 0.260 0.265 0.276 $NEIROETH $BGB

$POWR /USDT BUY LONG ENTRY 0.245 STOP LOSS 0.232 TAKE PROFIT 0.250 0.255 0.260 0.265 0.276 $NEIROETH $BGB

According to Arkham, in the past 5 hours, the US government address transferred part of the FTX/Alameda seized funds to two wallets starting with 0x9cd and 0x9ac, including 5024 ETH (about 18.17 million US dollars), 13.58 million BUSD, 54.89 billion SHIB (about $1.55m) and AERGO, POWR, AXS, YFI, WBTC, NMR, COMP, SRM and RLC.

The chart shows the daily timeframe for $POWR . The main feature highlighted is a Descending Channel pattern, which is a bearish formation characterized by lower highs and lower lows within two parallel trend lines. Descending Channel Pattern: • Upper Trend Line (Resistance): The upper boundary of the channel has been tested multiple times as resistance, preventing the price from moving higher. • Lower Trend Line (Support): The lower boundary has acted as support, preventing further declines whenever the price reached this area. Current Price Action: • The price is currently trading near the middle of the descending channel, close to the upper trend line. • Current Price: As of the last candle, POWR is trading around $0.2055, which is showing a slight bullish momentum (+5.49%). Potential Scenarios: 1. Bullish Breakout: • If the price manages to break above the upper trend line of the channel, it could indicate a potential reversal of the downtrend. • In this scenario, the price could target higher resistance levels, such as $0.2400 or higher. • A breakout would likely need to be accompanied by an increase in volume to confirm the move. 2. Continued Downtrend: • If the price fails to break above the upper trend line, it may continue to move lower within the channel. • The next potential support levels would be near the lower trend line of the channel, around $0.1850 or lower. • This would indicate that the bearish trend is still intact, and traders might look for short opportunities. Trading Strategy: • Aggressive Bullish Traders: Might consider entering a long position if the price breaks and closes above the upper trend line with strong volume. Stops could be placed just below the breakout point. • Conservative Traders: Could wait for a retest of the breakout level before entering to confirm that the breakout is sustained. • Bearish Traders: Might look for short opportunities if the price approaches the upper trend line and shows signs of rejection. Stops could be placed just above the upper trend line. Volume Considerations: • As with any breakout scenario, the volume will be a critical factor in determining the strength of the move. High volume on a breakout would signal a higher probability of a trend reversal, while low volume could indicate a potential false breakout. The $POWR chart is in a descending channel, showing a bearish trend on the daily timeframe. The price is currently attempting to move higher, approaching the upper boundary of the channel. Traders should watch for a potential breakout or rejection at this level to determine the next directional move.