【$PENDLE Signal】Empty position + decline accompanied by abnormal open interest

$PENDLE Price decline accompanied by high open interest, caution is needed for potential main force distribution risk. Market logic suggests combining open interest to determine whether it’s a long squeeze or main force distribution; current market conditions lean towards the latter, indicating potential selling pressure.

🎯 Direction: Empty position

Price action shows that the decline is not purely a long liquidation; high open interest and weakening prices suggest active selling. Market sentiment has shifted from bullish to cautious, and it is necessary to wait for clear buy-in signals or stable price structures before making a judgment.

Trade here 👇 $PENDLE

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