【$PENDLE Signal】4H breakout followed by consolidation, wait for a pullback to go long

$PENDLE 4H Bollinger Band upper band 1.4473 has been pierced, current price 1.4669 is trading below the 1H Bollinger Band upper band 1.4858. The 1H MACD histogram narrows, bullish momentum slightly wanes. Market depth imbalance -43.3%, sell orders accumulate, but funding rate -0.0016% has not created obvious selling pressure. The 4H trend remains relatively strong, short-term profit-taking needs to be digested.

🎯Direction: Long (buy on pullback)

⚡Entry/Order: 1.3900 - 1.3930 (above 1H EMA50 at 1.3513)

🛑Stop loss: 1.3179

🚀Target 1: 1.4670

🚀Target 2: 1.4729

🛡️Trade management:
- Execution strategy: After reaching Target 1, reduce position by 50%, and move stop loss to breakeven at 1.3900. If the price breaks below the entry zone and does not rebound, manually exit to protect capital.

(Depth logic: 1H RSI has fallen from overbought territory to 68, forming a brief divergence with the price correction. 4H Open Interest remains stable, funding rate is slightly negative, market hesitates to chase longs, but shorts are also inactive. Place orders in the dense 1H moving average zone, risk-reward ratio is reasonable.)

Check real-time market 👇 $PENDLE
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