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$PENDLE Signal】1H Oversold Rebound Trading, Targeting 4H Support Zone
$PENDLE The 1H timeframe has just experienced a sharp decline with increased volume, RSI has entered the oversold zone (30.55), and the price is temporarily stabilizing around 1.152. The 4H timeframe is still in a downtrend, but the latest 4H candlestick shows a long lower shadow, indicating buying resistance around 1.144. Currently, selling pressure is concentrated in the 1.154-1.155 area; a breakout above this level will trigger short covering.
🎯Direction: Long (Pullback Entry)
🎯Entry/Order: 1.150 - 1.153 (Reason: First