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Everything that goes up this fast has a way of coming down even faster.
Look at $POWER right now. This chart is actually painful to see if you were holding at the top. We went from a massive pump hitting 2.57 all the way back down to the 0.14 range in what feels like a blink.
That giant red candle on the daily just wiped out weeks of gains. We are currently sitting right at a major support floor around 0.12 to 0.14. If this level breaks, there isn't much history below it to catch the fall.
Volume is still high but the momentum is completely broken for now. I’m not touching a long time here until I see some actual consolidation and a higher low form on the smaller timeframes. Right now it's just catching a falling knife.
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