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POWER has recently shown significant trading signals. The trading volume surged by 12.7% in the past 30 minutes, and the current price is stable around 0.2975 USDT.
From a technical perspective, 0.296 USDT is a key support level, only 0.12% away from the 1-hour benchmark line, making this position worth paying close attention to. A sudden increase in trading volume is often a precursor to a market movement, and this is the window period for positioning.
For traders, the strategy can be arranged as follows: place a buy order around 0.296, with the upper resistance level set at 0.33276 USDT as a profit target. The profit margin in this range is relatively considerable.
Of course, behind the unusual fluctuations in trading volume usually lies a shift in market sentiment. It is advisable to closely monitor the subsequent trends of POWER, as a sustained increase in volume may signal a true launch.