【POL Signal】Pending Long Order: Volume Contraction at Key Support, Short Fuel Depleted

The 4-hour chart shows that after price declined from the March 12 high of 0.09883, it formed a dense trading band in the 0.09534-0.09547 range. The latest 4-hour candle (12:00-13:00) closed at 0.09543 with volume of 2.02M, a significant 64% contraction compared to the previous candle's 5.47M. Open Interest (OI) remains stable at 172.5M, not decreasing with the price drop, indicating shorts have not added positions on a large scale.
The 1-hour RSI stands at 42.74, in a neutral-to-weak zone, not yet in oversold territory. Key data lies in the order book: buy orders 1-10 total 485K USDT, sell orders 1-10 total 457K USDT, with buy depth superior to sell depth, depth imbalance ratio of 6.13%. The 0.0953-0.0954 price level accumulates substantial buy orders (with 46.6K USDT at the single 0.09531 level alone), forming a solid support wall.
Funding rate at -0.0201%, a mild negative value. Combined with stable open interest and robust buy depth, this is not panic selling but longs actively posting orders to absorb at key support. Shorts are pressing price downward but face strong buy resistance and cannot trigger position reduction (longs are not cutting losses), making short efficiency extremely low. When price created a new low (0.09539), 1-hour volume contracted and RSI failed to make a new low synchronously, displaying hidden bullish divergence.

🎯Direction: Pending Long

⚡Entry: 0.09465 - 0.09484

🛑Stop Loss: 0.09305

🚀Targets: 0.10199 / 0.10557

🛡️Strategy: Reduce position by half after reaching target 1, move stop loss of remaining position up to entry price.

Logic: The core contradiction on the current chart is the face-off between 'strong support buy orders' and 'weak negative funding rate'. Shorts attempt to create panic using the negative funding rate, but price stabilizes above key support at 0.0953 on volume contraction, and the order book shows buy orders piling up below like mountains (nearly 500K USDT), with downside already effectively locked. Stable open interest proves longs' conviction, unshaken by washouts. This is a textbook structure of longs setting an ambush at support while short momentum exhausts. Once buy orders begin absorbing thin sell orders above (sparse sells above 0.09544), a rapid short-covering rebound would be highly likely. The path of least resistance points upward.
View live market 👇 $POL
---
Follow me: Get more real-time crypto market analysis and insights! $BTC $ETH $SOL
‍#Gate广场AI测评官 #Gate2月衍生品市场份额创新高 #加密市场上涨