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【$PENDLE Signal】Short position + decline accompanied by abnormal open interest
$PENDLE Price decline accompanied by high open interest, market logic suggests caution against main force offloading. The market shows persistent selling pressure, with no effective buying absorption observed.
🎯Direction: Short position (NoPosition)
The current structure is relatively weak, and price action indicates that downward momentum has not exhausted. A decline in price with high open interest usually signifies intense bullish and bearish battles, but bears are currently dominant. Before clear reversal signals appear (such as a volume surge in bullish engulfing candles or strong buying absorption at key support levels), it is advisable to stay cautious and avoid catching falling knives.
Trade here 👇 $PENDLE
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