$POWER 1H level is oscillating and digesting at a critical support zone (1.69-1.73), while the 4H level remains in a strong consolidation phase after a massive rally. The current price is 1.735. From a 1H perspective, it has just experienced a deep correction from 1.97 to 1.65 and is now finding initial support near 1.69 (1H EMA20). The 4H candlestick shows a long lower shadow, indicating strong buying support below. The core logic is: the negative funding rate is as high as -0.41%, and open interest (OI) remains stable, with no further sharp decline in price. This is a typical short squeeze or main force support structure, with enormous short covering pressure.

🎯Direction: Long (Long)
🎯Entry/Order: 1.720 - 1.735 (current price range can be entered directly or wait for a slight pullback)
🛑Stop Loss: 1.650 (break below previous low 1.652, structure broken)
🚀Target 1: 1.900 (previous high resistance zone, also the first rebound target on the 4H level)
🚀Target 2: 2.020 (break through previous high, aiming for the historical high area)
🛡️Trade Management:
- Position suggestion: Light position (Reason: intraday volatility is extremely high, with daily amplitude exceeding 80%, risk exposure must be controlled)
- Execution strategy: When the price reaches 1.90, reduce position by 50% to lock in profits, and move the stop loss of the remaining position up to the entry price of 1.735. If the price cannot hold above 1.80 and falls back, consider exiting early.
Depth logic: Market depth shows sell orders accumulating above 1.7357 (127+), but buy orders are also dense below 1.7355, forming a short-term standoff. The 1H RSI (56.61) is in a neutral to slightly strong zone, with momentum for another upward push. Most importantly, despite such a large rally and negative funding rate, open interest has not decreased significantly, indicating intense battle between bulls and bears, and no large-scale profit-taking by longs. The short squeeze may not be over yet. Combined with the 4H EMA50 (0.8059) far below the current price, the medium-term upward trend remains intact. A pullback at this level is a short-term sniper opportunity.
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