🚀 LONG
$PENDLE 💰 Entry: 1.7991
🛡 Stop-loss: 1.7569 (−2.3%)
🎯 Take-profit: 1.8835 → 1.9217
📈 A bullish engulfing candle just swallowed the prior red bar right at EMA20, and buyers have locked in the local low.
• Full EMA stack with 3.6% spread keeps the uptrend structure intact through this pullback
• Pullback tagged EMA20 exactly, then printed a bullish engulfing candle for confirmation
• 4H, 1D and Elliott-wave counts all point the same direction as the long
• Favorable R:R with a tight invalidation just below the fresh swing low
• OBI tilts positive at 0.04, showing resting bid support under price
⭐ Score 62.7/100 ★★★☆☆
Wait for the engulfing candle to close and hold above EMA20, scale in, and keep the stop tight under the swing.
💬 Long
$PENDLE too, or taking the other side? Drop your call below.
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