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This is exactly how people get trapped at the top.
$POWER is vertical right now and it's looking absolutely wild on a daily basis. We just saw a massive spike up to 2.22 but the rejection was just as fast.
The volume is huge, sitting at over 700M USDT, but that long upper wick on the previous candle shows some serious profit taking is happening. If it can't hold above 1.80, this could come back down to reality pretty quickly.
I’m watching to see if it consolidates here or if the sellers start to take over. Chasing a candle like this is usually a recipe for disaster.
#GateSquare$50KRedPacketGiveaway