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

$PENDLE The 1H timeframe is strongly consolidating above the EMA20, just completing a test of the previous high at 1.242. The 4H timeframe has already broken through the recent oscillation box upper boundary, forming a bullish structure. The current price is accumulating around 1.241, with buy order depth (bid_ask_ratio_depth: 1.03) slightly favored, and open interest (OI) stable, indicating that the upward movement is not purely driven by short covering, showing signs of main force support. The 1H RSI is at 64.27, in a healthy and slightly strong zone, with room to move higher.

🎯Direction: Long (Long)

🎯Entry/Order: 1.239 - 1.241 (Reason: Dynamic support zone at 1H EMA20, pullback confirmation at previous breakout level )

🛑Stop Loss: 1.225 (Reason: Break below 1H EMA50 and the previous 1-hour candle low, structure broken )

🚀Target 1: 1.255 (Reason: Resistance at the previous wave high on the 4H timeframe )

🚀Target 2: 1.275 (Reason: Previous dense chip area on the daily chart, ATR expansion target )

🛡️Trade Management:

- Position suggestion: Standard position (Reason: 4H and 1H cycles resonate upward, risk-reward ratio >1.5 )

- Execution strategy: After the price reaches 1.255, take profit on 50% of the position, and move the stop loss of the remaining position up to the entry price of 1.241. If the price strongly breaks through 1.255 and stabilizes, hold the remaining position to target 1.275.

Depth logic: Over the past 4 hours, the price has surged from 1.212 to 1.243, with significant volume increase, but open interest (OI) remains stable, implying the rally is driven by genuine buying rather than short covering. The order book depth imbalance of 1.59% favors the sell side, but the price refuses to fall, indicating strong support below. The 1H EMA20 (1.2246) has crossed above EMA50 (1.2134), forming a golden cross, providing dynamic short-term support. Overall, this is an effective breakout pullback, with clear main force support, representing a low-risk, high-reward sniper opportunity.

View real-time market 👇 $PENDLE

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