POWR has completed accumulation and has broken out, forming a wedge on the 4H chart, looks to be testing the wedge resistance now and a breakout is possible. If we are rejected, we will bounce off the wedge support once more before breaking out.
POWR
Buy - 0.00004800-5250
Target 1: 0.00005700
Target 2: 0.00006100
Target 3: 0.00006600
Target 4: 0.00007900
Target 5: 0.00012000
Stop loss: 0.00004500
POWR
Buy - 0.00004800-5250
Target 1: 0.00005700
Target 2: 0.00006100
Target 3: 0.00006600
Target 4: 0.00007900
Target 5: 0.00012000
Stop loss: 0.00004500
Trade active
First target hit for a 19% gain!Note
Second target hit for a 27% gainNote
Third target hit for a 38% profit
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.