【$POWER Signal】Long - 1H strong consolidation, gathering strength for a second push
$POWER The 1H timeframe has experienced a massive rally and is currently in a high-level strong consolidation, with the price staying close above the EMA20(1.7384), refusing to undergo a deep correction. The 4H timeframe shows an explosive breakout, with the price far away from EMA20(1.4522) and EMA50(1.0481), confirming an established upward trend. The negative funding rate(-0.0398%) combined with firm price action creates a short squeeze environment. Open interest remains high, indicating that the main bullish players have not exited, which is building momentum for the next rally.
🎯Direction: Long (Long)
⚡Entry/Order: 1.890 - 1.900
🛑Stop Loss: 1.780
🚀Target 1: 2.050
🚀Target 2: 2.220
🛡️Trade Management:
- Execution Strategy: After reaching Target 1, reduce position by 50% and immediately move the stop loss to the entry price of 1.890. The remaining position will trail the EMA20( on the 1H chart to capture more profit. If the price fails to hold above 1.900 and breaks below the 1H EMA20, exit early.
Depth Logic: The 1H RSI)60.85( has pulled back from overbought territory in a healthy manner, making room for another upward move. The 4H RSI)68.88( indicates strong momentum. The order book shows ask orders)asks( accumulating above 1.8984, while bid orders)bids( are dense below 1.8980, creating a delicate balance. Once the price breaks through the thin resistance zone above, it will quickly open up space. The 38% increase over the past 24 hours accompanied by high trading volume is characteristic of hot money inflow, and the momentum has not yet exhausted.
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【$POWER Signal】Long - 1H strong consolidation, gathering strength for a second push
$POWER The 1H timeframe has experienced a massive rally and is currently in a high-level strong consolidation, with the price staying close above the EMA20(1.7384), refusing to undergo a deep correction. The 4H timeframe shows an explosive breakout, with the price far away from EMA20(1.4522) and EMA50(1.0481), confirming an established upward trend. The negative funding rate(-0.0398%) combined with firm price action creates a short squeeze environment. Open interest remains high, indicating that the main bullish players have not exited, which is building momentum for the next rally.
🎯Direction: Long (Long)
⚡Entry/Order: 1.890 - 1.900
🛑Stop Loss: 1.780
🚀Target 1: 2.050
🚀Target 2: 2.220
🛡️Trade Management:
- Execution Strategy: After reaching Target 1, reduce position by 50% and immediately move the stop loss to the entry price of 1.890. The remaining position will trail the EMA20( on the 1H chart to capture more profit. If the price fails to hold above 1.900 and breaks below the 1H EMA20, exit early.
Depth Logic: The 1H RSI)60.85( has pulled back from overbought territory in a healthy manner, making room for another upward move. The 4H RSI)68.88( indicates strong momentum. The order book shows ask orders)asks( accumulating above 1.8984, while bid orders)bids( are dense below 1.8980, creating a delicate balance. Once the price breaks through the thin resistance zone above, it will quickly open up space. The 38% increase over the past 24 hours accompanied by high trading volume is characteristic of hot money inflow, and the momentum has not yet exhausted.
View real-time market 👇 )
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