【$PENDLE Signal】1H level pullback confirmation, ambush rebound for sniper

$PENDLE The 1H level stabilizes with reduced volume near a key support zone (1.191-1.195), while the 4H level remains in a downward channel with oscillation. The current price is testing a dense trading area around 1.195. The 1H RSI (42.56) shows potential for oversold correction, and the order book depth indicates significantly more buy orders than sell orders (depth imbalance -25.77%), suggesting signs of main force defending the price. Negative funding rate (-0.0227%) combined with stable open interest (OI Stable) preliminarily meets the conditions for a short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: 1.194 - 1.197 (Reason: 1H level previous low support zone + dense buy orders in the order book )

🛑Stop loss: 1.188 (Reason: Break below 1H previous low of 1.1887 + ATR lower band )

🚀Target 1: 1.215 (Reason: 1H EMA20 resistance + previous rebound high )

🚀Target 2: 1.230 (Reason: Recent high resistance at the 4H level )

🛡️Trade management:

- Position suggestion: Light position (Reason: 4H trend remains weak; this is a rebound game against the small trend and the larger trend )

- Execution strategy: After reaching 1.215, move stop loss up to entry price 1.197 (break-even). Look for the target at 1.230; if reached, exit all positions. If the price cannot quickly move away from the cost area (1.197) after entry, consider reducing or exiting early.

Depth logic: The price declines but open interest remains stable (OI Stable), indicating not main force distribution but more passive closing by longs. After a massive bullish candle at 11:00 on the 1H chart (volume 1.46 million), a pullback occurs, which is a healthy shakeout. The buy orders from the top 1 to 20 are much larger than sell orders, showing strong support below. Coupled with the negative funding rate, short positions have high costs, making it easier to trigger a short squeeze during rebound. The key risk is that the 4H level has not formed a clear bottom structure, so strict stop-loss is necessary.

View real-time market 👇 $PENDLE

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