#Gate2月透明度报告 【$PENDLE Signal】Long - 1H Strong Breakout, Main Funds Driving Short Squeeze

$PENDLE The 1H timeframe has just experienced a volume breakout above a key resistance, creating a new intraday high with very strong momentum. The 4H timeframe has already stabilized above all moving averages, forming an upward continuation pattern with a clear upward trend. Current market shows continuous inflow of buy orders and stable open interest, which is a typical main force-driven market, definitely not retail behavior.

🎯Direction: Long

⚡Entry/Order: 1.2350 - 1.2534 (Patiently wait for a pullback to optimize entry zone, strictly avoid chasing)

🛑Stop Loss: 1.2350

🚀Target 1: 1.3270

🚀Target 2: 1.3638

🛡️Trade Management:

- Execution Strategy: After reaching Target 1, reduce position by 50% to lock in profits, and move the remaining position’s stop loss up to the entry price. If the price strongly breaks through Target 1 and stabilizes, move the remaining stop loss to break even and hold for Target 2.

Deep Logic: The 1-hour RSI is approaching 80, indicating strong short-term momentum, but no bearish divergence appears, so the upward move is healthy. Market depth shows that although sell orders are slightly thicker, buy order depth is concentrated around 1.306-1.307, forming a solid support. Combining market logic, the open interest remains stable during price increases, indicating not a short squeeze caused by bears but active new bullish funds entering to push prices higher, with short squeeze potential. The 4H chart has formed a bullish engulfing pattern, with trend resonance pointing upward.

View real-time quotes 👇 $PENDLE

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