【$PENDLE Signal】1H breakout with volume surge, main force supports the price, targeting short squeeze rebound

$PENDLE The 1H timeframe just experienced a volume surge with a strong breakout above EMA20, creating a new intraday high, and momentum is returning strongly. Although the 4H timeframe is still in a consolidation zone, the latest 4H candle has closed above EMA20, and the buying ratio is as high as 0.59, indicating that the main force is entering the market. In a negative fee environment, the price remains firm, with potential for a short squeeze.

🎯Direction: Long (Long)

🎯Entry/Order: 1.2210 - 1.2230 (Reason: Retracement to the 1H breakout level and EMA20 support, with dense buy orders on the order book )

🛑Stop Loss: 1.2060 (Reason: Break below the previous 1H bullish candle low and 4H EMA20 )

🚀Target 1: 1.2500 (Reason: Previous small 4H resistance level )

🚀Target 2: 1.2800 (Reason: 1.618 Fibonacci extension level )

🛡Trade Management:

- Position size suggestion: Standard position (Reason: 1H/4H resonance, good volume-price coordination )

- Execution strategy: Reduce position by 50% after reaching Target 1, and move stop loss to entry price. Hold remaining position to aim for Target 2; if price falls below 1H EMA20(dynamically), exit all positions.

Deep logic: The latest 1H candlestick volume surged more than 5 times the previous hour, with a buy ratio of 0.60, indicating active buying pressure. Open interest remains stable, and the price is rising in a negative fee environment, squeezing the bears. Order book data shows deep buy support around 1.2210, providing strong support. The 1H RSI is at 65.75, leaving room for further upside.

View real-time market 👇 $PENDLE

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