【$PENDLE Signal】Long - 1H breakout pullback confirmation, main force clearly defending the market

$PENDLE The 1H timeframe is consolidating strongly above the EMA20, just confirmed a breakout and pullback of the previous high at 1.286. The 4H timeframe has broken the downtrend line, forming a bullish structure. Although the 1H RSI(73) is somewhat high, the open interest remains stable, and the buy depth is substantial, indicating that the main force is defending the market rather than retail chasing highs. This is a healthy bullish signal.

🎯Direction: Long (Long)

🎯Entry/Order: 1.287 - 1.292

🛑Stop Loss: 1.270 (Based on 1H previous low and ATR)

🚀Target 1: 1.320 (Previous resistance zone)

🚀Target 2: 1.350 (Potential 4H target)

🛡️Trade Management:

- Position: Standard size.

- Execution strategy: When price reaches 1.320, reduce position by 50% and move stop loss to entry price 1.287. Hold remaining position for higher targets; if price falls below 1.287, exit all.

(Depth Logic: The 4H candlesticks are consecutively bullish, with volume and price rising together, breaking through recent consolidation. The 1H chart shows strong sideways movement in the 1.284-1.298 range, rejecting deep retracement, which is a typical sign of strong consolidation. Market depth data shows buy orders far exceed sell orders (imbalance of 16.66%), and open interest remains stable during price increase, indicating not a short squeeze but active accumulation by bulls. Coupled with low funding rates, the risk of a short squeeze is low, and the bullish structure is intact. )

View real-time market 👇 $PENDLE

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