【$POWER Signal】Long - 1H pullback confirmation, main force clearly defending the market

$POWER The 1H timeframe is currently undergoing a healthy pullback and consolidation after a historic surge. The price has fallen from the high of 2.577 and is testing the convergence support zone of the 1H EMA20 (1.8219) and EMA50 (1.7848). The 4H bullish candle confirms strong momentum. Although RSI is overbought, open interest remains stable and funding rate is high at -0.95%, indicating a strong short squeeze expectation. The order book shows a large sell wall at 2.20, but solid buy orders below suggest clear signs of main force defending the market.

🎯Direction: Long (Long)

⚡Entry/Order: 1.785 - 1.826

🛑Stop Loss: 1.650

🚀Target 1: 2.350

🚀Target 2: 2.580

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and immediately move the stop loss to the entry price. Use a trailing stop (such as 1H EMA20) to follow the remaining position, aiming for a short squeeze to Target 2. If the price fails to hold above 1H EMA20 and drops below 1.75, consider exiting early.

Depth Logic: This is a typical short squeeze setup. After a significant rally, the funding rate is extremely negative (-0.95%), indicating serious short position accumulation. Open interest remains stable rather than decreasing, suggesting this is not just profit-taking but new funds entering the market. The 1H RSI has retreated from overbought territory to 76, leaving room for further upward movement. The suggested entry zone (1.785-1.826) precisely aligns with the 1H double EMA support and previous breakout platform, making it an excellent risk-reward entry point. Market logic indicates upward movement, combined with stable OI, implying main force is defending the market rather than a simple short squeeze.

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