【$POWER Signal】Pullback to Long! 1H Strong Consolidation, Negative Funding Rate Still Expected to Trigger Short Squeeze

The $POWER 1H timeframe entered a strong sideways consolidation after yesterday's sharp rise, with the price building a platform between 0.88-0.94. After a large bullish candle on the 4H chart, a doji formed, indicating healthy profit-taking. The key point is: the negative funding rate is as high as -0.23%, open interest remains stable, yet the price refuses to undergo a deep correction. This is a typical short squeeze buildup structure. The 1H RSI has fallen from overbought territory to 68.9, providing room for another upward move. The order book shows a thin sell wall (0.9075); once broken, it could trigger a short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: 0.895 - 0.905 (Reason: 1H EMA20 dynamic support zone resonating with previous platform high points )

🛑Stop Loss: 0.850 (Reason: Break below the lower boundary of the 1H consolidation platform and the previous 1H candle low )

🚀Target 1: 0.960 (Reason: Previous high resistance level and a psychological round number )

🚀Target 2: 1.050 (Reason: 1.618 Fibonacci extension based on recent rally )

🛡️Trading Management:

- Position Size: Light (Reason: Intraday volatility has exceeded 27%, higher risk )

- Execution Strategy: After reaching 0.960, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.905. If the price cannot hold above 0.925 and falls back, consider exiting early.

Deep Logic: Market logic indicates “price rising, consider open interest,” current open interest is stable, and the price remains firm. This rules out a simple pump-and-dump scenario and suggests main force is supporting the price and absorbing selling pressure. The depth imbalance of -38.68% indicates concentrated selling pressure at the near end; once absorbed, upside space opens. The negative funding rate continues to fuel bullish sentiment, and short covering will further push prices higher. The key point is whether the price can consolidate above the 1H EMA20 and volume again.

View real-time quotes 👇 $POWER

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