【$POWER Signal】Long | Healthy Consolidation After Short Squeeze

$POWER After a nearly 40% surge in a single day, the price has formed a narrow range consolidation at high levels. This is a typical healthy reset after a short squeeze, not a top.

🎯 Direction: Long

🎯 Entry: 0.365 - 0.372

🛑 Stop Loss: 0.345 ( Rigid stop loss, below previous low and EMA20 support )

🚀 Target 1: 0.408

🚀 Target 2: 0.425

Market Analysis: The surge was driven by massive volume (539 million), with a buy/sell ratio >1 indicating buying dominance. Although RSI reached 82, the funding rate is only 0.0395%, not at dangerous levels, and open interest remains stable, ruling out the possibility of major players pushing the price up to dump. This is a typical consolidation after a short squeeze.

Core Logic: Price remains firmly above EMA20 (0.2903), indicating an intact trend. Deep imbalance at -66.45% with ask orders far exceeding bid orders suggests heavy selling pressure above, but the price refuses to dip sharply, showing that funds are continuously absorbing sell orders at key levels (0.35-0.37).

The 4H chart shows decreasing volume on the pullback, with buy orders forming an effective support zone above 0.35. ATR is 0.0385, making the stop loss distance reasonable. Entry zone is at the 50%-61.8% Fibonacci retracement of the first volume-increasing bullish candle, with a risk-reward ratio >2.

Trade here 👇 $POWER

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