🚀 LONG $PENDLE

💰 Entry: 2.6485
🛡 Stop-loss: 2.5548 (−3.5%)
🎯 Take-profit: 2.7609 → 2.8171

📈 A bullish engulfing candle just swallowed the prior red bar at EMA20 on PENDLE, and the short-term low is now locked in favor of buyers.
‱ EMA stack is fully bullish with a 3.4% spread, so price is pulling back into trend, not against it
‱ Pullback found support just 1.9% off EMA20, a shallow dip in a healthy uptrend
‱ Engulfing candle printed 1.67 ATR range on 2.3x volume, real conviction behind the reclaim
‱ Taker imbalance sits 9% buy-side with positive OBI, spot flow confirms the bounce
‱ 4H and 1D agree with the trend while RSI at 60 leaves room before overbought

⭐ Score 62.3/100 ★★★☆☆

Buyers hold control while price stays above EMA20; scale in on the reclaim and keep the stop tight below the recent swing.

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