【$PENDLE Signal】Hold Cash and Watch — Downtrend Continuation, Await Clear Signal

$PENDLE After a volume breakout below the EMA20 on the 4H timeframe, the price found temporary support in the 1.09-1.10 range, but the rebound was weak, and overall it remains in a weak consolidation phase within a downtrend.

🎯Direction: Hold Cash (NoPosition)

Market Analysis: After reaching a high of 1.156, the price formed a long bearish candle with increased volume, but open interest (OI) remained stable, and the funding rate is still positive (0.0046%). This indicates that the decline is not driven by panic selling from longs, but rather by active selling from the main players.

Hardcore Logic: The current price (1.104) is suppressed below the EMA20 (1.144), with EMA50 (1.268) acting as a strong resistance, clearly indicating a medium-term downtrend. RSI (35), while not oversold, shows no signs of divergence.

Depth data shows buy orders are dominant (disbalance 18.43%), but the price has not risen accordingly, implying that the support below may be “passive absorption” rather than active buying. Key resistance has shifted down to around the previous rebound high of 1.135.

Trading Plan: The current structure is a downtrend continuation, and long positions lack confirmation signals (must stabilize above EMA20 and see rising OI). Short positions are risky due to low funding rates and no divergence resonance, making it a contrarian attempt to top out, with higher risk than reward. The best strategy is to stay in cash and observe how the price reacts at the 1.09 support level. If volume breaks below, the trend continues; if a volume breakout above 1.135 accompanied by rising OI occurs, then consider a trend reversal and go long.

Trade here 👇 $PENDLE

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