【$POWER Signal】Long! 1H strong breakout, funding rate positive + OI steady, short squeeze in progress

$POWER 1H level strong breakout above previous high of 0.3813, price closely hugging the Bollinger upper band, EMA20/50 in bullish alignment, momentum very strong. 4H level has formed consecutive bullish candles, breaking through recent consolidation range, trend clearly upward. Currently, positive funding rate + firm price + stable OI indicate potential for a short squeeze, typical momentum-driven market.

🎯Direction: Long (Long)

🎯Entry/Order: 0.3805 - 0.3820 (Reason: Retracement confirmation zone after breaking previous high of 0.3813, 1H EMA20 dynamic support )

🛑Stop Loss: 0.3740 (Reason: Falling below the previous 1H candle low and key support at 1H EMA50 )

🚀Target 1: 0.3920 (Reason: Previous high resistance level, also a previous high on the daily chart )

🚀Target 2: 0.4050 (Reason: 1.618 Fibonacci extension based on recent wave height )

🛡Trade Management:

- Position size suggestion: Standard position (Reason: Multi-timeframe resonance breakout, clear trend, but RSI already overbought )

- Execution strategy: After price reaches 0.3920, reduce position by 50%, and move the remaining stop loss up to entry price 0.3805. If price strongly breaks through 0.3920 and stabilizes, hold the remaining position towards 0.4050.

Deep logic: Price volume breakout on 4H level, active buying (buy_sell_ratio > 0.5). Although 1H RSI is as high as 76, in a strong short squeeze market, RSI can remain overbought for a long time. Open interest (OI) remains stable with no significant decline, indicating strong bullish confidence and not just a pump-and-dump. Market depth shows buy orders significantly thicker than sell orders (bid_ask_ratio_depth: 1.28), with strong support below. Market logic suggests “price rising, combined with open interest analysis,” current OI stability leans toward main force defending the market or new longs entering.

View real-time market 👇 $POWER

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