【$PENDLE Signal】1H Oversold Rebound Trading, Short Squeeze Opportunity Under Negative Funding Rate

$PENDLE The 1H timeframe forms a long lower shadow at 1.1572, creating a single-needle bottom, indicating a potential reversal. RSI(1H) drops to 37.56, entering oversold territory, releasing short-term selling pressure. The 4H timeframe remains in consolidation below the resistance zone of 1.19-1.21, but the negative funding rate(-0.0025%) combined with stable open interest(OI Stable) suggests a risk of a short squeeze on the bears. The current price hovers around 1.1717, representing a typical short-term long-short battle point.

🎯Direction: Long (Long)

🎯Entry/Order: 1.1700 - 1.1720 (Reason: 1H lower shadow support zone, concentrated buy orders)

🛑Stop Loss: 1.1570 (Reason: Break below 1H previous low, failed to find a bottom)

🚀Target 1: 1.1910 (Reason: 1H EMA20 and 4H opening price resonance resistance)

🚀Target 2: 1.2080 (Reason: Previous high resistance level on the 4H timeframe)

🛡️Trading Management:

- Position suggestion: Light position (Reason: 4H trend is unclear, this is only a 1H rebound play)

- Execution strategy: After reaching 1.1910, reduce position by 50% to lock in profits, and move the remaining stop loss up to the entry price of 1.1720. If the price fails to break above 1.1820 and falls back, consider breakeven or slight profit exit.

Deep logic: Market logic indicates “price rising, confirm with open interest,” but OI remains stable while price pulls back from highs, possibly indicating a shakeout rather than distribution by the main players. 1H RSI shows a bottom divergence brewing, with buy depth in the 1.1700-1.1710 range exceptionally thick (over 12,000 buy orders accumulated), forming a strong defense line. Under negative funding rate conditions, a rebound will force shorts to cover, creating positive momentum. The key is whether the price can quickly recover above 1.1820 to confirm a short-term bullish return.

View real-time quotes 👇 $PENDLE

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