#ETH keeps empty, keeps smooth, keeps empty until 1720, eat meat in big bites

【$PENDLE Signal】Two-way Order Battle! 1H Triangle Convergence at the End, Waiting for Breakout $PENDLE The 1H timeframe is currently at the narrow end of a triangle convergence, with prices oscillating between 1.172 and 1.186. The 4H timeframe remains in a consolidation within a downtrend channel, but volatility on the 1H has been compressed to the extreme, indicating an imminent breakout. Open interest remains stable, and negative funding rates suggest bears are in control, but prices have not fallen sharply, indicating potential for a short squeeze. The current price is at the midline, so direct entry is not recommended; wait for confirmation of the trend. 🎯Direction: Watch and wait(Order) ⚡Breakout Long Entry: 1.1880 - 1.1900 (Reason: Valid breakout above the 1H triangle upper boundary and EMA20 resistance, confirming bullish momentum) ⚡Pullback Long Entry: 1.1680 - 1.1700 (Reason: Testing a strong support zone tested multiple times recently, close to the previous low on the 4H timeframe) 🛑Long Stop Loss: 1.1620 (Reason: Breaking below recent key support level, structure breakdown) 🚀Long Target 1: 1.2050 (Reason: Resistance at the previous high on the 4H timeframe and EMA50) 🚀Long Target 2: 1.2250 (Reason: 1.618 Fibonacci extension level) 🛡️Trade Management: - Position Size: Light (Reason: The trend is unclear, this is a left-side battle, higher risk) - Execution Strategy: If any order is triggered and the price moves quickly in a favorable direction, move the stop loss to break even at entry. After reaching Target 1, reduce position by 50%, and trail stop for the remaining position. Deep Logic: The order book shows sell orders stacking above 1.176, but buy orders are thicker in the 1.172-1.174 zone, forming short-term support. The 1H RSI hovers around 45, neither overbought nor oversold, leaving room for a trend change. Stable open interest indicates neither bulls nor bears are withdrawing massively at this point; a breakout could trigger follow-up orders. Key points to watch are whether the price can break above 1.188 with volume, or find strong support above 1.168. View real-time market 👇 $PENDLE --- Follow me: Get more real-time analysis and insights into the crypto market! $BTC $ETH $SOL ‍#我在Gate广场过新年 #特朗普宣布新关税政策

#ETH keeps empty, keeps smooth, keeps empty until 1720, eat meat in big bites