【$POWER Signal】Long + 1H strong breakout, funds are short squeezing

$POWER The 1H level just broke above the previous high of 0.957 with increased volume, creating a new high of 0.99, showing strong momentum. The 4H level has closed consecutive bullish candles, breaking through all EMA resistances, indicating an obvious upward trend. Combined with a negative fee rate of -0.2379% and stable open interest, there is a clear short squeeze logic. The main force's intention to defend the price is evident, and short-term momentum has not yet exhausted.

🎯Direction: Long (Long)

🎯Entry/Order: 0.980 - 0.988 (Reason: Near the current price, 1H breakout retest confirmation area )

🛑Stop Loss: 0.930 (Reason: Break below the 1H previous low support and EMA20 moving average )

🚀Target 1: 1.050 (Reason: Previous high psychological resistance and 1.272 Fibonacci extension level )

🚀Target 2: 1.150 (Reason: 1.618 Fibonacci extension level )

🛡️Trade Management:

- Position suggestion: Light position (Reason: Daily increase has exceeded 30%, volatility is extremely high, risk and reward coexist )

- Execution strategy: After reaching 1.050, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.980. If the price strongly breaks through 1.050 and stabilizes, hold the remaining position towards 1.150.

Deep logic: The 1H RSI(74.43) is high but not in extreme overbought territory, leaving room for further upward movement. The order book depth imbalance is 12.09%, with buy-side strength dominant. The key point is the negative fee rate combined with rising prices, which is a classic short squeeze structure. Short covering will push prices higher. The 4H buy volume continues to expand, indicating ongoing capital inflow. Open interest remains stable, suggesting it’s not just short covering but also new long positions being established.

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