With BTC stabilizing above support, I think it goes to 70k next. This will drag ALTS up along with it. I am going to start dipping back into some of the previous positions which I was stopped out of with all the volatility. One such position was POWR. I like POWR here above the VRVP PoC and above that long-trending RSI support. I don't know if it will go to a dollar again but that will be my final target rn with profit taking along the way. Entry was .38 with a SL of .29 for a rrr of 7/1.
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Took half off at around .50 cents and raised SL's to just above break-even
Hey there! I really suggest you check out POWR / US DOLLAR - BINANCE. There's around 7 years of data there and it will very much surpass the dollar mark. Have a suss. Not many people know what Powr actually is or how long its been active. It won Richard Bransons Extreme tech challenge back in 2018, and won Australian gov funding - its got an interesting past and a very active team in Perth AU. Not trying to shill but just check it out. In terms of targets, we have 40 cents inventible this month. 65 cents next resistance. After that - $1.20. Next new record highs will be around the 2.50 mark.
stewdamus
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@alexkostoff, Thanks for the comment. Yes, I remember reading about POWR quite a few years ago and loved the tech then. It is one of my favorite chains to be sure! I wish more people knew about it.
alexkostoff
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Glad you know about it :) price action has been pretty different and a little challenging to trade since a few recent listings on changes. But that’s part of the game, makes it more worthwhile to trade it! We did hit the 40 cent mark a couple hours ago haha. Problem is people think it’s a new coin when newly listed. They have some biases that either help to dump or pump. But there is quite a bit of data out there to suggest long term accumulation and some people with serious liquidity to push it both ways!