🚀 LONG
$PENDLE 💰 Entry: 2.0858
🛡 Stop-loss: 2.0009 (−4.1%)
🎯 Take-profit: 2.1876 → 2.2385
📈 A bullish engulfing candle just swallowed the prior red candle at the EMA20 retest — buyers seized the short-term low.
• EMA stack fully spread with trend spread near 10%, trend structure intact and clean
• Pullback tagged EMA20 almost exactly, deepest-quality retracement before confirmation
• Engulfing candle spans 1.6x ATR, decisive rejection of the dip with real body
• 4H, daily, and Elliott structure all aligned long, higher-timeframe tailwind is rare
• Favorable R:R with stop under the fresh swing, risk well contained vs upside
⭐ Score 84.5/100 ★★★★☆
Watch for a candle close holding above EMA20, scale in on strength, keep the stop tight below the engulfing low.
💬 Long
$PENDLE too, or taking the other side? Drop your call below.
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👉 Follow for hourly setups.