【$POWER Signal】Short squeeze pullback, 1H level secondary attack sniper point

$POWER The 1H level is experiencing a healthy pullback after a sharp rise, with prices finding initial support around 0.895. The 4H large bullish candle confirms strong momentum, and the current 1H RSI has fallen back from the overbought zone to 67, preparing for a second attack. Key signals: funding rate is as high as -0.261%, and open interest remains stable. This is a typical short squeeze structure, with bears paying high fees. Once the price stabilizes, it can easily trigger a secondary rally as shorts cover.

🎯Direction: Long (Long)

🎯Entry/Order: 0.893 - 0.898 (Reason: 1H EMA20 dynamic support zone & concentrated trading area)

🛑Stop loss: 0.870 (Reason: Break below the previous 1H low and the middle of the 4H large bullish candle, structure broken)

🚀Target 1: 0.938 (Reason: Previous high resistance level)

🚀Target 2: 0.980 (Reason: 1.618 Fibonacci extension level)

🛡️Trade management:

- Position suggestion: Light position (Reason: Intraday volatility has exceeded 30%, very high risk)

- Execution strategy: After reaching target 1 at 0.938, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 0.898. If the price cannot hold above 0.915 (1H open price), consider exiting early.

Deep logic: The 4H level has a massive breakout, indicating the trend has shifted to bullish. Although the 1H order book depth is slightly weaker on the buy side than the sell side (-23.55%), in a negative funding rate environment, short positions have extremely high costs. Open interest remains stable, indicating main players have not exited. The current pullback is an excellent short-term sniper opportunity. The core game is the impulse rally caused by forced short covering.

View real-time market 👇 $POWER

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL
‍#我在Gate广场过新年 #比特币反弹