#GateforAI重磅上线 $PENDLE The 1H level has entered the severely oversold zone, with RSI dropping to 25, indicating that the short-term downward momentum is nearly exhausted. Although the 4H level shows a downward trend, the open interest remains stable, with no signs of panic selling. Combined with the negative funding rate, there is a potential for a short squeeze rebound. The current price has broken below the 1H EMA20 but is testing the previous daily support zone. The buy orders below are substantial, and signs of main force support are emerging.

🎯Direction: Long

⚡Entry/Order: 1.2022 - 1.2143

🛑Stop Loss: 1.1950

🚀Target 1: 1.2450

🚀Target 2: 1.2650

🛡️Trading Management:

- Execution Strategy: Reduce 50% of the position after reaching Target 1, and move the stop loss of the remaining position up to the entry price. If the price fails to hold above the 1H EMA20 (around 1.2626) and falls back, consider taking full profit near Target 1.

Order Book Logic: The price experienced a sharp decline within the latest 4H candle, but the open interest did not decrease significantly, suggesting this may be a long leverage liquidation rather than main force distribution. The 1-hour RSI shows early signs of bullish divergence, with decreasing downward momentum. The order book shows that the total buy orders from level 1 to level 10 far exceed the sell orders, indicating an imbalance in depth that favors the bulls. There is strong psychological and technical support around the 1.20 area. In a negative funding rate environment, short positions incur higher costs, creating conditions for a short-term rebound.
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