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$POWER Signal】Hold cash, wait for short squeeze and healthy correction
$POWER After a single-day surge of 47%, it formed a high-level consolidation on the 4-hour chart, which is a typical cooling-off phase after a short squeeze.
🎯 Direction: Hold cash
Market analysis: RSI reached 81.54, indicating severe overbought conditions. Funding rate is as high as 0.0622%, signaling extreme greed. However, open interest remains stable, and the order book shows a deep imbalance with ask orders far exceeding bid orders, indicating heavy selling pressure above.
Logical core: This is a typical “post-shor