【$POWER Signal】Pullback to Long + 1H Level Strong Consolidation, Negative Funding Rate Short Squeeze Logic Still in Effect

$POWER The 1H level has undergone a powerful horizontal consolidation after a historic surge. The price is building a support platform around 1.717, with the 1H EMA20 (1.4396) providing strong support. The 4H level has even experienced a massive breakout from a long-term consolidation zone, indicating a complete trend reversal. The key point is: the funding rate is as high as -0.9847%, while open interest (OI) remains stable. The price refuses to dip sharply, which is a typical short squeeze structure, and the short covering fuel is far from exhausted.

🎯 Direction: Go Long (Long)

🎯 Entry/Order: 1.710 - 1.720 ( Reason: Support at the lower edge of the current strong consolidation platform, with the 1H candlestick real body cluster supporting )

🛑 Stop Loss: 1.650 ( Reason: Break below the key 1H consolidation platform and the previous low of 1.636 )

🚀 Target 1: 1.900 ( Reason: Previous high resistance level, also the starting point of the first intraday pullback )

🚀 Target 2: 2.050 ( Reason: Historical high point, breaking through will open up space )

🛡️ Trading Management:

- Position suggestion: Light position ( Reason: Single-day increase has exceeded 84%, volatility is extremely high, risk and opportunity coexist )

- Execution strategy: Use phased take-profit. After reaching Target 1, close 50% to lock in profits, and move the stop loss of the remaining position up to the entry price. If the price strongly breaks through 2.05, move the remaining position’s stop loss to hold and aim for a larger short squeeze space.

Deep logic: A massive bullish candle on the 4H level (volume 393M) sets the bullish tone, a clear signal of main capital entering. Although the 1H RSI (67.95) has fallen from overbought territory, it remains in a strong zone, indicating a healthy correction. Market depth shows buy orders (bids) are significantly thicker than sell orders (asks), with a slight imbalance (46%), providing strong support. The core driver is the extremely high negative funding rate, making short positions very costly. Any stabilization or rebound in price could trigger chain liquidations, pushing the price higher again.

View real-time market 👇 $POWER

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