【$POWER Signal】Long - 1H strong consolidation, building momentum for a second upward move

$POWER The 1H timeframe has experienced a massive rally and is now consolidating strongly between 1.78-1.90, with the price staying above the 1H EMA20 (1.6976). This is a typical strong correction signal. Looking at the 4H level, the price has broken through all previous resistance levels, indicating a clear upward trend. Currently, the negative funding rate (-0.0572%) combined with firm prices suggests potential for a short squeeze. Open interest remains stable, indicating funds have not exited, and the order book shows deep sell walls. Once broken, a rapid rally is expected.

🎯Direction: Long (Long)

⚡Entry/Orders: 1.877 - 1.885 (Enter near the current price, or chase longs after breaking 1.898)

🛑Stop Loss: 1.780

🚀Target 1: 2.020

🚀Target 2: 2.220

🛡️Trading Management:

- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss up to the entry price. Use a trailing stop (such as 1H EMA20) to capture more profit. If the price fails to hold above 1.885 and turns downward, consider exiting early.

(Order Book Logic: The 1H RSI (61.94) is in a healthy zone with room for another push higher. The 4H candlestick shows a healthy structure of volume expansion on upward moves and volume contraction on pullbacks. The order book reveals a large accumulation of sell orders in the 1.878-1.879 area above, which is a clear resistance zone. Once absorbed by buying, the space above will open up. Combined with the daily trend, the price has broken out of a long-term consolidation zone with strong momentum. )

Check real-time market 👇 $POWER

---

Follow me: Get more real-time analysis and insights on the crypto market! $BTC $ETH $SOL