【$POWER Signal】Short squeeze continuation, 1H strong breakout, chasing long positions

$POWER The 1H timeframe just completed a volume breakout above the previous high of 0.786, with the price hitting a new high and momentum extremely strong. The 4H timeframe shows consecutive large bullish candles pushing higher, clearly indicating an upward trend. Currently, the negative funding rate is as high as -0.69%, and the price remains firm with stable open interest, which is a typical short squeeze market. The bears are being continuously squeezed.

🎯Direction: Go Long (Long)

🎯Entry/Order: Enter directly at the current price range of 0.884 - 0.888. Or wait for a small pullback to 0.865 - 0.872 and add to long positions in batches.

🛑Stop Loss: 0.845 (Based on the previous low and ATR on the 1H timeframe)

🚀Target 1: 0.950 (Extension of the previous wave)

🚀Target 2: 1.050 (Psychological round number)

🛡️Trade Management:

- Position Size: Standard position. If entering at the current price, open 50% first, then add on pullbacks.

- Execution Strategy: When the price reaches 0.950, reduce the position by 50% and move the stop loss to the entry price. Hold the remaining position to target the second goal. If the 1H close drops below 0.870, exit all positions.

Deep Logic: The market shows clear short squeeze characteristics. The negative funding rate of -0.69% indicates very high short holding costs. After a massive rally, the price consolidates sideways without falling, and open interest remains stable, indicating that the main funds have not exited but are digesting profit-taking and preparing for the next rally. Although the 1H RSI is at a high level, it is not diverging, which is tolerable in a strong short squeeze market. Buy-side depth is concentrated around 0.884, providing immediate support.

View real-time market 👇 $POWER

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