$POWER 1H level just broke above the previous high of 0.957 with increased volume, creating a new high of 0.99, indicating strong momentum. The 4H level has been continuously closing bullish candles, breaking through all EMA resistances, and the upward trend is clear. 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 obvious, and short-term momentum has not faded.


🎯Direction: Long (Long)
🎯Entry/Order: 0.980 - 0.988 (Reason: Near the current price, the 1H breakout retest confirmation area)
🛑Stop loss: 0.930 (Reason: Break below the 1H previous low support and EMA20)
🚀Target 1: 1.050 (Reason: Previous high psychological resistance and 1.272 Fibonacci extension)
🚀Target 2: 1.150 (Reason: 1.618 Fibonacci extension)
🛡️Trade management:
- Position suggestion: Light position (Reason: Intraday 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 to target 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 buying strength dominant. The key point is the negative fee rate combined with rising prices, which is a classic short squeeze structure. Short covering will further push the price higher. The 4H buy volume continues to expand, indicating ongoing capital inflow. Open interest remains stable, suggesting it is not just short covering but the establishment of new long positions.
Check real-time market 👇 #Gate广场发帖领五万美金红包 $POWER
POWER69,15%
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