【$POWER Signal】Short squeeze pullback, 1H recharging for another surge

$POWER The 1H timeframe, after experiencing a significant rally, is currently consolidating strongly at high levels, with the price staying close to the EMA20(1.5645) above. This is a typical strong consolidation signal. Although the 4H chart shows a long upper shadow, the overall trend remains a pullback confirmation after a massive breakout, with the negative funding rate(-0.5455%) and stable open interest(OI Stable) indicating that the short squeeze momentum has not been fully released, and the main players are still in the market. The current 1H RSI(63.85) is healthy for a rebound, preparing for another upward move.

🎯Direction: Long (Long)

🎯Entry/Order: 1.710 - 1.720 (Reason: 1H EMA20 dynamic support zone & recent consolidation platform lower boundary)

🛑Stop loss: 1.650 (Reason: Break below the key 1H consolidation low and ATR(0.2743), with a 1x stop-loss distance)

🚀Target 1: 1.900 (Reason: 4H previous high resistance level)

🚀Target 2: 2.200 (Reason: 1.618 Fibonacci extension of the previous rally)

🛡️Trade management:

- Position suggestion: Light position (Reason: Extremely high intraday volatility, with daily gains exceeding 90%, increasing risk)

- Execution strategy: After the price reaches 1.900, reduce position by 50% and move the stop loss up to the entry point at 1.720. Hold the remaining position to target the second goal. If the price pulls back and breaks below 1.720, exit all positions.

Deep logic: Market depth imbalance at 13.61%, with buy-side strength still dominant. The massive volume of 1539M in the past 24 hours, combined with firm prices, is characteristic of main capital-driven movement. In a negative funding rate environment, short positions have high costs, and any small rally could trigger a new short squeeze. A new upward channel has formed on the 1H chart with the lower boundary acting as support, making this an ideal point for a pullback entry.

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