【$PENDLE Signal】Long - 1H Breakout Retracement Confirmation, Main Force Support Intention Clear

$PENDLE is currently in a healthy retracement confirmation phase following volume-driven rally on the 1H level. The price is strongly consolidating near 1.317, with the 1H K-line firmly positioned above the short-term moving average, indicating that bullish momentum has not yet exhausted. The 4H level has broken through the previous oscillation box, with the trend turning upward, providing an excellent trend backdrop for short-term scalping.

🎯 Direction: Long

⚡ Entry/Pending Order: 1.2816 - 1.2852 (Patiently await pullback to optimized entry zone)

🛑 Stop Loss: 1.2816

🚀 Target 1: 1.2998

🚀 Target 2: 1.3071

🛡 ️Trade Management:

- Execution Strategy: After price reaches the first target level, reduce position by 50% to lock in profit and move the stop loss of remaining position to entry price. If price strongly breaks through the second target, you may move remaining position stop loss to 1.2998 to pursue greater gains.

Deep Logic: Current market buy-side depth is significantly substantial with obvious large order bottom-support signs, which are characteristics of main force support rather than retail chasing highs. The 1-hour RSI is in a healthy zone with further upside space. Although open interest trend is stable, combined with price gains and buy-side imbalance, it appears more like a result of short covering and long aggressive entry. Market logic suggests price appreciation, which reinforces the rationality of going long with the trend. Around 1.281 below is a multi-level technical confluence support, an excellent position for defensive counterattack.

View Real-time Chart 👇 $PENDLE

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