【$PENDLE Signal】1H Level Rebound Confirmation, Sniping Pullback Buying Opportunity

$PENDLE The 1H level formed a double bottom near 1.1699, then at 13:00, the hourly chart showed a volume surge, breaking through the short-term EMA20(1.2223) resistance, indicating a return of short-term buying. Although the 4H level is still in a downtrend channel, the price has already risen above the EMA50(1.2396) key support, and the latest 1H candlestick closed above 1.216, refusing further decline, forming an initial signal of multi-cycle resonance. Market depth data shows buy order depth (bid_ask_ratio_depth: 0.40) is weak, but open interest remains stable during price drops, suggesting not major selling by large players, but rather a shakeout of short-term holders.

🎯Direction: Long (Long)

⚡Entry/Order: 1.212 - 1.215

🛑Stop Loss: 1.169

🚀Target 1: 1.253

🚀Target 2: 1.282

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% and move stop loss to entry price 1.215. The remaining position tracks the stop loss (e.g., if it breaks below 1H EMA20) to aim for Target 2. If the price drops directly below 1.205 after entry, consider exiting early and observing.

Depth Logic: The 1H RSI(45.42) has turned upward from oversold territory, indicating a need for bottom divergence correction. The key point is that the 4H level price is supported at EMA50, and the volume surge on the 1H confirms a short-term bottom. Although the overall trend is weak, stable open interest + refusal to make new lows creates a high-probability short-term sniping opportunity. The first major resistance above is at 1.253 (previous 4H high and EMA20 pressure level).

View real-time market 👇 $PENDLE

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