【$PENDLE Signal】Pullback to add longs! 1H pullback confirmation, clear signs of main force supporting the market

$PENDLE The 1H timeframe is oscillating around a critical support area, with prices repeatedly testing near 1.215. Although the 4H timeframe is in a downward oscillation channel, the 1H chart shows that after receiving buying support around 1.209, prices quickly rebound, forming a higher local low. Current open interest remains stable and has not decreased significantly due to price drops, indicating that the main force has not been dumping large amounts, but rather is shaking out and absorbing orders. The 1-hour RSI is at 41, in a neutral to slightly weak zone, leaving room for a rebound and correction. Market depth data shows dense buy orders below, with a large accumulation of buy orders between 1.214 and 1.213, forming a short-term defensive wall.

🎯Direction: Long (Pullback to add longs)

⚡Entry/Orders: Staged entries between 1.2027 and 1.2148

🛑Stop loss: 1.1950

🚀Target 1: 1.2350

🚀Target 2: 1.2500

🛡️Trade Management:

- Execution Strategy: Recommend entering in two stages within the suggested range. After reaching Target 1, reduce position by 50% and move the stop loss to the entry price. Hold the remaining position to aim for Target 2. If the price encounters resistance near Target 1 and falls back, breaking the moving stop loss, exit all positions.

Deep Logic: Market logic suggests a potential decline, but open interest remains stable, ruling out the possibility of a large-scale long liquidation, and more likely indicating that the main force is suppressing the price to absorb orders. The 1-hour EMA20 (1.2214) is a short-term strength/weakness boundary; once the price volume breaks above it, a rebound momentum will be confirmed. Funding rates are slightly positive, with no risk of a short squeeze. Combining with the 4-hour candlestick, the 1.204-1.209 zone has been tested multiple times recently and serves as a support band with rebound potential. Stop loss is set below recent strong support, making risk manageable.

View real-time market 👇 $PENDLE

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