🚀 LONG
$PENDLE 💰 Entry: 2.7187
🛡 Stop-loss: 2.6391 (−2.9%)
🎯 Take-profit: 2.8142 → 2.8620
📈 A bullish engulfing candle just swallowed the prior red candle at EMA20, locking in the pullback low — buyers took back control of PENDLE.
• EMA stack fully bullish with a wide 9.5% spread, so the trend has real room to run
• Pullback printed just 1.9% off EMA20 — shallow dip in a strong trend, classic continuation spot
• Engulfing candle spanned 1.27 ATR on 1.6x volume, showing genuine commitment, not noise
• 4H, 1D and Elliott wave structures all point the same direction — full higher-timeframe agreement
• RSI at 57 leaves momentum headroom; R:R stays favorable against a tight stop at the swing low
⭐ Score 70.6/100 ★★★★☆
Watch for a candle close holding above EMA20, scale in on confirmation and keep the stop tight below the recent swing.
💬 Long
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