$POWER Bullish Reaction From Extreme Flush
I’m seeing a massive liquidity wipe from 0.60 area straight down to 0.36. That’s a 12%+ panic candle. These kinds of moves usually clear late buyers and over-leveraged longs in one shot.
Now price is stabilizing around 0.38 after printing a clear rejection wick at 0.3637. That tells me buyers stepped in aggressively at demand.
Structure is simple:
Vertical pump earlier to 0.85
Distribution and lower highs
Sharp capitulation candle
Immediate bounce from 0.36 zone
That flush changes short-term risk-reward.
Entry: 0.39 – 0.41 after 1H close above 0.40
TP