【$POWER Signal】Short Squeeze Continuation! 1H Pullback Confirmation, Negative Funding Rate + Steady OI, Targeting Second Surge

$POWER After experiencing a significant rally, the 1H timeframe is consolidating strongly in the 0.91-0.96 range, refusing deep retracement. The 4H timeframe shows a steep upward trend, with EMA20 (0.62) and EMA50 (0.50) forming a strong support zone. Currently, the negative funding rate is as high as -0.39%, and OI remains stable, with prices holding firm. This is a typical sign of a short squeeze continuation, with shorts still being forced to cover. The 1H RSI (77) is high but not overbought, indicating momentum is still intact. The order book depth shows buy orders significantly outweigh sell orders (imbalance of 35.35%), indicating strong institutional support.

🎯Direction: Long (Long)

🎯Entry/Orders: Enter in batches around the current price of 0.944 or during a pullback to the 0.925-0.935 zone.

🛑Stop Loss: 0.899 (below the 1H candle low and the psychological level of 0.90).

🚀Target 1: 1.000 (psychological whole number and previous high).

🚀Target 2: 1.080 (based on ATR and the 1.618 extension of the previous wave).

🛡Trade Management:

- Position: Light to standard size. Aggressive traders can try a small long at the current price, while conservative traders wait for a pullback zone to enter.

- Execution Strategy: When the price reaches around 0.98, reduce position by 30% to lock in profits. After reaching Target 1, reduce by 50% and move the stop loss to the entry price. Hold the remaining position to aim for Target 2, using the 1H EMA20 (0.781) as a trailing stop. Exit early if the price fails to hold above 0.96 and shows weakness.

Depth Logic: The price surged 83% in one day, but OI did not decrease; instead, it remained stable, indicating that new funds are not purely spot speculation but include persistent futures long bets. In a negative funding rate environment, the price not falling is a strong sign of a short squeeze. The 1H pullback is quickly bought up, showing extreme market greed but still with support. The key risk is the rapid short-term rally, which could lead to a sharp decline if profit-taking consolidates, so stop-loss must be firm.

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