【$POL Signal】Long! 1H breakout of convergence, clear signs of funds supporting the market

$POL After a narrow range consolidation between 0.0945-0.0958 on the 1H timeframe, the current price is testing the upper boundary of the range. The key signal is: 1H EMA20 (0.0951) has crossed above EMA50 (0.0937) to form a golden cross, and the price is holding above EMA20. Although the 4H timeframe is still consolidating, the latest candle closed bullish, and the buy depth (bid_ask_ratio_depth: 0.63) shows strong support below. The negative funding rate (-0.0041%) combined with firm price action suggests potential for a short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: Current price around 0.09568 or a breakout above 0.09582 to go long (Reason: Hold above 1H EMA20, break above the upper boundary of the 1H consolidation zone )

🛑Stop loss: 0.09440 (Reason: Break below 1H EMA50 and the previous 1H candle low )

🚀Target 1: 0.09750 (Reason: Resistance at previous high on the 4H timeframe )

🚀Target 2: 0.09920 (Reason: 4H high on February 13 at 00:00, 1.618 Fibonacci extension level )

🛡️Trade Management:

- Position size suggestion: Light position (Reason: 4H trend is not fully clear, this is a 1H breakout play )

- Execution strategy: When price reaches around 0.0970 (near Target 1), reduce position by 30%, and move stop loss to entry price. Hold the remaining position for Target 2. If price stalls around 0.0965, consider exiting all.

Depth logic: Order book shows sell orders accumulating around 0.0957-0.0958, but buy orders are thicker below 0.0955, forming a support cushion. Open interest (OI) trend is stable, and during slight price increases, no capital outflow occurs, indicating main force is supporting the market. The 1H RSI (55.79) is in a healthy bullish zone with room to rise. Coupled with the negative funding rate, short positions have high holding costs, favoring bullish attacks.

Trade here 👇 $POL

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #Gate广场发帖领五万美金红包