【$POWER Signal】Long - 1H Strong Consolidation, Preparing for a Second Breakthrough

$POWER The 1H timeframe experienced a massive surge yesterday and has entered a strong sideways consolidation, with the price staying close above the EMA20 (0.6821), rejecting deep retracements. The 4H EMA20 (0.5753) has significantly crossed above the EMA50 (0.4753), establishing an upward trend. Currently, the 1H RSI (65.43) is healthy and not in overbought territory, indicating readiness for another upward push. Sell orders are stacked above 0.7515; a breakout could trigger a short squeeze.

🎯Direction: Long

🎯Entry/Order: 0.7515 - 0.7530 (Chase longs on breakout)

🛑Stop Loss: 0.7380 (Break below the 1H consolidation low)

🚀Target 1: 0.7800 (Previous high resistance zone)

🚀Target 2: 0.8200 (Extended target based on ATR measurement)

🛡️Trade Management:

- Position size suggestion: Light position (Reason: Daily gains are large, volatility is extremely high, risk control is necessary)

- Execution strategy: After reaching 0.7800, reduce position by 50% to lock in profits, and move the stop loss of the remaining position up to the entry price of 0.7515. If the price fails to break above 0.7515 and falls back, abandon the entry.

Deep logic: In the past 24 hours, the price increased by 61%, but open interest remains stable, indicating it’s not purely a short squeeze; new funds are entering. The 4H chart shows three consecutive volume-increasing bullish candles, indicating strong buying power. The 1H consolidation in the 0.74-0.75 range with decreasing volume is a typical upward continuation pattern. The sell wall (6645 contracts at 0.75135) is a clear target; a breakout could lead to rapid upward movement with sparse resistance above.

View real-time market 👇 $POWER

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