【$PENDLE Signal】Pullback to Long! 4H Uptrend Line Support, Wait for Stabilization Signal on 1H

$PENDLE The 4H timeframe is in a rebound structure after a clear downtrend channel, with the current price testing the key EMA20 (1.2719) support. Although there is no data on the 1H timeframe, the latest 4H candlestick shows a long lower shadow, indicating buying interest around 1.26. Market depth shows sell orders stacking above 1.28, but buy orders are more concentrated below 1.277, creating a slight imbalance favorable for bulls.

🎯Direction: Long (Pullback to Long)

🎯Entry/Orders: 1.2720 - 1.2680, staggered entries

🛑Stop Loss: 1.2580 (below previous low and 4H shadow support)

🚀Target 1: 1.2950 (Recent 4H high resistance)

🚀Target 2: 1.3150 (Channel upper boundary and previous high area)

🛡️Trade Management:

- Position Size: Light

- Execution Strategy: Enter in two batches at 1.272 and 1.268. After reaching Target 1, close 50% and move the remaining stop loss to the entry price. If the price breaks through 1.285 (current minor resistance zone) with volume, it can be seen as a bullish strength signal on the 1H timeframe, consider adding a small position.

Depth Logic: OI trend is stable, price declines but does not trigger panic in open interest, possibly not a main force distribution but a shakeout. The 4H RSI (54.31) is in a neutral to slightly strong zone, with room to move higher. The key is whether the price can stabilize on the support band formed by EMA20 (1.2719) and EMA50 (1.2411), which is the lifeline for the continuation of the bullish trend. Market logic suggests monitoring OI; currently stable, leaning towards a consolidation bottom.

Check real-time market 👇 $PENDLE

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