【$POWER Signal】Pullback to buy + 1H strong consolidation, waiting for a second surge
$POWER The 1H timeframe entered a strong sideways consolidation after yesterday's sharp rise, with price oscillating between 0.445-0.455, and the 1H EMA20 (0.4372) providing strong support. After a large bullish candle on the 4H chart, a doji formed, indicating a healthy pullback with the trend intact. Open interest remains stable, funding rates are neutral, and order book depth shows decent buy-side support, indicating that major players have not exited. This is a typical continuation pattern, waiting for a second breakout.
🎯Direction: Long (Long)
🎯Entry/Order: 0.444 - 0.448 (Reason: Retracement to the 1H EMA20 support zone and the lower boundary of yesterday’s rally consolidation platform )
🛑Stop Loss: 0.429 (Reason: Break below the previous 1H bullish candle’s starting point and key support )
🚀Target 1: 0.471 (Reason: Testing previous high resistance level )
🚀Target 2: 0.500 (Reason: Psychological round number and 1.618 Fibonacci extension level )
🛡️Trade Management:
- Position Size: Light (Reason: Extremely high intraday volatility, risk control )
- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price strongly breaks through 0.471, consider targeting 0.500 with the remaining position.
Depth Logic: The 4H chart shows a massive breakout, confirming the trend. The 1H RSI (58.83) has healthy retraced from overbought territory, preparing for another rally. Order book depth near 0.445 shows dense buy orders (depth imbalance -26.7% bearish), but the price does not fall, implying support from buy-side funds. Market logic suggests upward movement, combined with stable holding volume, indicating a phase of accumulation by major players rather than pure short-term panic selling. The pullback is an opportunity.
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【$POWER Signal】Pullback to buy + 1H strong consolidation, waiting for a second surge
$POWER The 1H timeframe entered a strong sideways consolidation after yesterday's sharp rise, with price oscillating between 0.445-0.455, and the 1H EMA20 (0.4372) providing strong support. After a large bullish candle on the 4H chart, a doji formed, indicating a healthy pullback with the trend intact. Open interest remains stable, funding rates are neutral, and order book depth shows decent buy-side support, indicating that major players have not exited. This is a typical continuation pattern, waiting for a second breakout.
🎯Direction: Long (Long)
🎯Entry/Order: 0.444 - 0.448 (Reason: Retracement to the 1H EMA20 support zone and the lower boundary of yesterday’s rally consolidation platform )
🛑Stop Loss: 0.429 (Reason: Break below the previous 1H bullish candle’s starting point and key support )
🚀Target 1: 0.471 (Reason: Testing previous high resistance level )
🚀Target 2: 0.500 (Reason: Psychological round number and 1.618 Fibonacci extension level )
🛡️Trade Management:
- Position Size: Light (Reason: Extremely high intraday volatility, risk control )
- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price. If the price strongly breaks through 0.471, consider targeting 0.500 with the remaining position.
Depth Logic: The 4H chart shows a massive breakout, confirming the trend. The 1H RSI (58.83) has healthy retraced from overbought territory, preparing for another rally. Order book depth near 0.445 shows dense buy orders (depth imbalance -26.7% bearish), but the price does not fall, implying support from buy-side funds. Market logic suggests upward movement, combined with stable holding volume, indicating a phase of accumulation by major players rather than pure short-term panic selling. The pullback is an opportunity.
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