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【$POWER Signal】Pullback to Long + 1H Level Strong Consolidation, Waiting for a Second Explosion
$POWER The 1H level has experienced a historic surge and is currently consolidating strongly at high levels. The price is building a platform within the 1.67-1.85 range, with the 1H EMA20 (1.5246) forming a strong dynamic support. Although the 4H level shows a long upper shadow, the overall trend remains a pullback confirmation after a massive breakout, with stable OI and no large-scale profit-taking, indicating clear main force support. The negative fee rate is as high as -0.58%, with potential fuel for a short squeeze. The current 1H RSI (61.86) has healthy retraced from the overbought zone, preparing for the next upward move.
🎯 Direction: Long (Long)
🎯 Entry/Order: 1.670 - 1.680 ( Reason: The lower boundary of the current consolidation zone, dense support area on 1H candlestick bodies )
🛑 Stop Loss: 1.600 ( Reason: Break below the 1H platform and the 0.618 Fibonacci retracement of the previous rally, trend invalidated )
🚀 Target 1: 1.850 ( Reason: Previous high resistance and intraday high points )
🚀 Target 2: 2.050 ( Reason: 4H level previous high resistance, looking for new highs after breakthrough )
🛡️ Trading Management:
- Position suggestion: Light position ( Reason: Intraday volatility is extremely high, ATR reaches 0.28, prioritizing controlled risk )
- Execution strategy: After the price reaches Target 1 at 1.850, reduce position by 50%, and move the remaining stop loss up to the entry price of 1.675. If the price cannot stabilize above 1.680 and quickly breaks below 1.665, abandon this trade and wait for a better entry point.
Deep logic: Market depth shows buy-side depth (bid_ask_ratio_depth: 1.40) better than sell-side, indicating slight support. Although the latest 1-hour buy ratio is relatively low (0.39), combined with the consolidation phase after a massive surge, this is normal turnover. The key is whether the price can stabilize above 1.67; if it does, it is considered a strong consolidation, and with OI rising again, it can easily trigger a second rally. The negative fee environment remains a continuous bullish catalyst.
View real-time quotes 👇 $POWER
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