📈 Bias: Bullish reversal
PENDLE is forming a clean 4H inverse Head & Shoulders, signaling a potential trend change after a strong downtrend. Price has already bounced from a weekly demand (POI) and is now pressing against the neckline around 1.94–1.96, a key decision zone.
Structure logic:
Sellers lost momentum at the head (capitulation).
Right shoulder formed a higher low → bullish intent.
A hold above the neckline confirms the reversal.
Trade Plan
Entry: Primary: 1.90–1.94 (neckline retest)
Confirmation: 4H close above 1.96
Stop Loss:
Below 1.82 (invalidates the structure)
🎯 Targets
TP1: 2.00
TP2: 2.10–2.15
TP3: 2.20+ (liquidity expansion)
Don’t chase strength. Let price retest, hold structure, then expand.
Above the neckline = continuation. Below right shoulder = no trade.
Clean setup. Defined risk. Asymmetric upside.
#PENDLEUSDT #TradeSignal $PENDLE
