【$POWER Signal】Short squeeze continues, 1H pullback confirmation followed by targeting new highs

$POWER The 1H timeframe has experienced a massive rally and is currently in a high-level consolidation phase. The 4H timeframe has formed a strong breakout structure, with the price holding above all EMAs, indicating a clear upward trend. The key signals are: a negative funding rate as high as -0.74% and stable open interest (OI), which is a typical short squeeze pattern. Shorts are still forced to pay high costs, and any healthy pullback presents a buying opportunity for bulls. Market depth shows a relatively weak sell wall, with a depth imbalance of -9.93%, so slight buying pressure can push the price higher.

🎯Direction: Long (Long)

🎯Entry/Order: 0.860 - 0.870 (If the price surges directly, try a light position near the current price of 0.876)

🛑Stop Loss: 0.830 (Break below the previous 1H low and EMA20 support)

🚀Target 1: 0.926 (Previous high)

🚀Target 2: 1.000 (Psychological round number)

🛡️Trade Management:

- Position: Standard size. Aggressive traders can split into two batches, entering the first at 0.870 and the second at 0.860.

- Execution Strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price. Hold remaining position to aim for Target 2. If there is stagnation or a 1H bearish divergence near Target 1, consider taking full profit.

Depth Logic: The 4H timeframe shows a volume-driven long bullish breakout with strong trend momentum. The 1H RSI(74.66) is high but not in extreme overbought territory, which can be sustained in a short squeeze environment. Open interest (OI) remains stable after the price surge, indicating it’s not purely profit-taking by longs; there may be new funds or passive short positions. Combined with depth imbalance and negative funding rate, the market structure favors bulls. The risk is that the short-term rally may be too large, so strict stop losses are necessary to prevent profit-taking positions from closing out en masse.

View real-time market 👇 (
---

Follow me: Get more real-time analysis and insights on the crypto market! )$POWER
$BTC
‍$ETH $SOL