[$PENDLE Signal] Hold off on trading — Weak rebound in a downtrend

In the daily chart downtrend, a weak consolidation appears around 1.12. On the 4H timeframe, buying pressure is insufficient (Buy/Sell Ratio < 0.5), and the depth imbalance is negative (-0.20%), indicating that selling pressure still dominates. The price is firmly suppressed below the EMA20 (1.1684). RSI (36.27) is not oversold but shows no strong rebound, typical of a downward continuation pattern.
🎯 Direction: Hold off
Currently, there are no clear buy or sell signals. Although the price is temporarily supported around 1.12, the order book shows a buildup of sell orders (Asks) above, and the 4H candlesticks repeatedly bounce but are quickly suppressed, indicating failed absorption of buy orders. Open interest (OI) remains stable rather than decreasing, suggesting the rebound is not driven by short covering but by weak bullish resistance. Until the price effectively breaks above EMA20 with rising OI, any rebound should be viewed as an opportunity to reduce positions or wait. Core risk management: Better to miss out than to make mistakes.
Trade here 👇 $PENDLE ---
Follow me: Get more real-time analysis and insights on the crypto market!
‍$PENDLE
#我在Gate广场过新年 #当前行情抄底还是观望？ $BTC $ETH