【$PENDLE Signal】Long - 1H Strong Breakout, Main Funds Reflow

$PENDLE The 1H timeframe has just experienced a volume breakout above EMA20 and reached a new high, forming a strong momentum candlestick. The 4H timeframe also broke through the recent consolidation upper boundary, confirming the continuation of the short-term upward trend. Although the current price has risen, open interest remains stable, and buying depth is substantial, indicating that main funds are still active in the market and it’s not purely retail chasing highs.

🎯Direction: Long (Long)

⚡Entry/Order: 1.2803 - 1.2871 (Wait for the price to retrace to the 1H EMA50/EMA20 support zone)

🛑Stop Loss: 1.2500

🚀Target 1: 1.3500

🚀Target 2: 1.4000

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price (1.2803). If the price strongly breaks through 1.3500 and stabilizes, move the remaining stop loss up to 1.3200 to continue aiming for Target 2.

(Depth Logic: The latest 1H candlestick has volume nearly 6 times higher, with a strong breakout, and buy depth (bid_ask_ratio_depth=1.26) significantly better than sell depth, indicating strong support below. The 1H RSI (69.13) is high but not in extreme overbought territory, leaving room for further upward movement. The 4H has formed a bullish engulfing pattern, and combined with market logic indicating “price rise,” under stable open interest, this is more likely driven by main funds entering rather than a short squeeze. Patience is advised to wait for a retracement to an optimal entry zone and avoid chasing highs. )

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