【$POWER Signal】Hold Cash Waiting for Healthy Pullback

$POWER After a single-day surge of 42%, it has been consolidating sideways at high levels, with RSI reaching 81, entering the extremely overbought zone.

🎯 Direction: Hold Cash

Market Analysis: A massive long upper shadow appeared on the 4H chart (0.415→0.361), indicating strong selling pressure above 0.40. Although the current price has stabilized slightly, it is an inertial consolidation after a sharp rise, not healthy accumulation.

Logical Core: Funding rate has turned positive (0.0323%), but open interest (OI) trend remains stable, not rising in tandem with the price surge, suggesting this rally is driven by spot market or short-term funds rather than sustained futures accumulation. Deep imbalance (7.02%) and thick buy orders indicate support below, mainly to prevent rapid price collapse rather than actively pushing the price up.

Trading Plan: Avoid chasing the high. RSI is severely overbought, and the price is far from the EMA20 (0.2706), so wait for a healthy pullback to release selling pressure. Ideal long entry zones are at Fibonacci retracement levels 0.382-0.5 (0.305-0.285), which are also previous breakout zones with concentrated positions. Wait for volume to decrease and RSI to fall back to around 50 before considering a position. Current risk far outweighs potential reward; stay on the sidelines.

Trade here 👇 $POWER

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