【POL Signal】Pending Long Order: Volume Contraction at Key Support, Short Fuel Depleted

The 4-hour chart shows that after the price declined from the March 12 high of 0.09883, it formed a dense trading zone between 0.09534-0.09547. The latest 4-hour K-line (12:00-13:00) closed at 0.09543 with trading volume of 2.02M, a significant contraction of 64% compared to the previous K-line's 5.47M. Open Interest (OI) remains stable at 172.5 million, not decreasing with the price decline, indicating shorts have not significantly increased positions.

The 1-hour RSI is at 42.74, in a neutral-to-weak zone without entering oversold territory. The critical data lies in the order book: buy orders from level 1-10 total 485K USDT, sell orders from level 1-10 total 457K USDT, with buy-side depth superior to sell-side, depth imbalance rate of 6.13%. The 0.0953-0.0954 price zone accumulates large buy orders (with 466K USDT at the single 0.09531 level alone), forming a solid support wall.

Funding rate -0.0201%, a slight negative value. Combined with stable open interest and significant buy-side depth, this is not panic selling but rather longs actively placing orders at key support levels. Shorts are pushing prices down but facing strong buy-side resistance without triggering position reductions (longs not stopping out), making short efficiency extremely low. When price created a new low at 0.09539, 1-hour volume contracted and RSI failed to make a new low simultaneously, showing a hidden bullish divergence.

🎯 Direction: Pending Long Order

⚡ Entry: 0.09465 - 0.09484

🛑 Stop Loss: 0.09305

🚀 Targets: 0.10199 / 0.10557

🛡 Strategy: Reduce position by half after price reaches target 1, move stop loss for remaining position up to entry price.

Logic: The core contradiction on the current board is the battle between 'strong support buy-side' and 'weak negative funding rate'. Shorts attempt to create panic using negative funding rates, but the price stabilizes above key support 0.0953 on volume contraction, with the order book showing buy-side orders piled up below (nearly 500K USDT), downside space already essentially locked. Stable open interest proves long positions are firm, not shaken out. This is a typical structure of longs lying in wait at support levels with shorts' momentum exhausted. Once buy-side begins consuming thin sell orders above (sparse sells above 0.09544), a rapid bounce from short covering will easily trigger. The path of least resistance points upward.

View Real-time Chart 👇 $POL
---
Follow me: Get more real-time crypto market analysis and insights! $BTC $ETH $SOL
‍#Gate广场AI测评官 #Gate2月衍生品市场份额创新高 #加密市场上涨