【$PENDLE Signal】Hold Cash and Watch — Weak Consolidation in Deep Imbalance

$PENDLE Forming a weak consolidation on the 4H timeframe, the price is suppressed below the EMA20 (1.1381), with no strength for a rebound.

🎯Direction: Hold Cash (NoPosition)

Market Analysis: After being blocked at 1.1546 and falling back, the latest 4H candlestick closed at 1.1349. The buy/sell ratio of 0.53 indicates that bullish and bearish forces are barely balanced, but the overall structure remains weak.

Core Logic: The key contradiction lies in the data. The funding rate is -0.0352%, which is negative, but open interest (OI) remains stable. This is not a typical short squeeze scenario but reflects a market lacking bullish intent.

Deep order book shows buy orders (Bids) are stacked much thicker than sell orders (Asks), with an imbalance of 15.80%. This usually indicates support below, but the price cannot effectively rebound, signaling a “passive support, active decline” weakness.

The price is below all major EMAs (EMA20: 1.1381, EMA50: 1.2393). RSI is at 45.43, in a neutral to weak zone, with no oversold rebound momentum. Currently, there is no clear support structure or high-probability entry point, making the risk greater than the opportunity.

Trade here 👇 $PENDLE

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