【$PENDLE Signal】1H Oversold Rebound Trading, Targeting 4H Support Zone

$PENDLE The 1H timeframe has just experienced a sharp decline with increased volume, RSI has entered the oversold zone (30.55), and the price is temporarily stabilizing around 1.152. The 4H timeframe is still in a downtrend, but the latest 4H candlestick shows a long lower shadow, indicating buying resistance around 1.144. Currently, selling pressure is concentrated in the 1.154-1.155 area; a breakout above this level will trigger short covering.

🎯Direction: Long (Pullback Entry)

🎯Entry/Order: 1.150 - 1.153 (Reason: First stabilization after a sharp 1H decline, close to the 4H previous low support at 1.144)

🛑Stop Loss: 1.140 (Reason: Breaking below the key 4H previous low support opens downside space)

🚀Target 1: 1.175 (Reason: 1H EMA20 resistance and the start of intraday decline)

🚀Target 2: 1.195 (Reason: 4H EMA20 resistance and recent oscillation upper boundary)

🛡️Trade Management:

- Position Size: Light (Reason: 4H trend remains bearish; this is a contrarian rebound, higher risk)

- Execution Strategy: If the price quickly rebounds above 1.165 after entry, move the stop loss to the entry price. After reaching Target 1, reduce position by 50%, and hold the remaining for Target 2.

Deep Logic: The price dropped sharply with increased volume between 13:00-14:00, but open interest (OI) remained stable, indicating not sustained selling by major players but rather a liquidation of long leverage. The 1H RSI shows early signs of bullish divergence, with buy orders accumulating heavily around 1.151-1.152 (over 8,000 buy orders), providing short-term buffer. Negative funding rate (-0.0179%) may attract some arbitrage buying. The key is whether the price can quickly recover above 1.160 and hold.

View real-time market 👇 $PENDLE

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