【$PENDLE Signal】Long - 1H pullback confirmation, main force clearly intends to support the market

$PENDLE The 1H timeframe is consolidating strongly above EMA20, just completed a pullback confirmation at the key support level of 1.28, with deep buying interest and clear support from the main force. The 4H timeframe has stabilized above EMA50, forming an upward relay structure, with short-term momentum building up and an imminent bullish reversal.

🎯Direction: Long

⚡Entry/Order: 1.280 - 1.283

🛑Stop Loss: 1.265

🚀Target 1: 1.310

🚀Target 2: 1.330

🛡️Trade Management:

- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss up to the entry level of 1.280. Hold the remaining position to aim for Target 2. If the price strongly breaks through 1.310, move the stop loss up to 1.295.

Depth Logic: After the price rises, open interest remains stable, indicating it’s not a bearish trap but rather funds are being absorbed. The RSI on the 1-hour chart is in a healthy zone, with buy-side depth far exceeding sell-side. The 1.28-1.283 zone below is an optimized EMA20 support and dense trading area, providing an excellent sniper point. Currently, the price is far from the 4H EMA50, and a pullback is an opportunity.

View real-time market 👇 $PENDLE

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