$POWER 1H level has experienced a significant rally and is currently consolidating at a high level, with the price strongly ranging between 1.95 and 2.0. The key point is: the 1H candlestick remains firmly above the EMA20 (1.6864), and the 4H level EMA50 (0.8147) has formed a solid long-term support. Although RSI on the 1H (70.29) and 4H (80.84) indicate overbought conditions, in the hot coin short squeeze scenario, overbought can persist. More importantly, the funding rate is as high as -0.5355%, and open interest (OI) remains stable, indicating that shorts are still paying high fees. Once the price refuses to undergo a deep correction, a new round of short squeeze is highly likely.

🎯Direction: Long (Long)
🎯Entry/Order: 1.950 - 1.960 (Enter directly near the current price, aiming for a breakout after ranging)
🛑Stop Loss: 1.820 (Set based on the previous low of 1.813 on the 1H level and ATR of 0.28; a break below this would indicate a short-term structural breakdown)
🚀Target 1: 2.150 (Resistance above the previous high of 2.018)
🚀Target 2: 2.350 (Near the historical high of 2.347)
🛡️Trade Management:
- Position suggestion: Light (Reason: Intraday increase has exceeded 120%, volatility is extremely high, risk and reward coexist)
- Execution strategy: Use an aggressive approach. When the price reaches 2.05, move the stop loss up to the entry price of 1.96 to break even. After reaching Target 1, reduce position by 50%, and move the remaining stop loss up to 2.0 to aim for Target 2. If the price cannot hold above 1.99 and turns downward, consider exiting early.
Deep logic: This is not just a technical breakout but a capital-driven short squeeze battle. Negative funding rate + firm price + stable OI form a classic short squeeze recipe. The 1H bid-ask depth ratio (bid_ask_ratio_depth: 1.34) shows strong support below. Market logic suggests “price rises, combined with position volume analysis,” and the stable OI indicates it’s not just retail FOMO. There may be main players defending the price or passive short positions. We are targeting the pulse triggered by short stop-loss orders.
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