【$POWER Signal】1H Breakout and Pullback Confirmation, Main Force Protecting the Market, Sniping Short Squeeze

$POWER The 1H timeframe is strongly consolidating above the EMA20 (0.3448), with a recent bullish candle confirming support. The 4H timeframe has broken out of the previous consolidation range, indicating a trend reversal to bullish. The current price is above EMA20 (0.3174), representing a strong pullback. The funding rate is 0.0347%, positive but not high, open interest (OI) is stable, and the price increase is accompanied by substantial buy-side depth (bid_ask_ratio_depth: 2.85), showing that major funds are actively defending the market rather than purely short-squeezing. The 1H RSI (67.5) is healthy, not overbought, with potential for further upward movement.

🎯Direction: Long (Long)

🎯Entry/Order: Enter directly within the current price range 0.3548 - 0.3560 (Reason: 1H EMA20 support above, strong consolidation at the upper boundary of the range )

🛑Stop Loss: 0.3450 (Reason: Break below recent 1H consolidation low and EMA20 support )

🚀Target 1: 0.3700 (Reason: Previous high resistance and psychological level )

🚀Target 2: 0.3850 (Reason: Based on the recent wave's 1.618 Fibonacci extension level )

🛡Trade Management:

- Position Size: Standard lot (Reason: 4H and 1H trends resonate, market support is strong )

- Execution Strategy: After reaching 0.3700, reduce position by 50% to lock in profits, and move the remaining stop loss up to entry at 0.3550. If the price strongly breaks and stabilizes above 0.3700, hold the remaining position towards 0.3850.

Depth Logic: Market logic indicates that price increases should be confirmed with OI. Currently, OI is stable rather than decreasing, ruling out pure short covering. Market depth shows buy orders (bids) significantly outweigh sell orders (asks), with a depth imbalance of 48.09%, indicating strong support below. The latest 1H buy/sell ratio is 0.55, favoring buyers. The 4H candles have closed above key moving averages consecutively, indicating a medium-term bullish shift. Overall, this is a typical “breakout - pullback - confirmation” bullish pattern, with clear main force support, aiming for short-term short squeeze and trend continuation.

View real-time quotes 👇 $POWER

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