Looking at the 4-hour chart, this uptrend has a pretty nice rhythm—each high is higher than the last, and the lows are also rising, which is a classic ascending structure. After bouncing from that 2.3752 demand zone, it's now consolidating sideways. Personally, I think this is a continuation pattern, with a good chance it will take a breather and then push higher.

The key is to watch what the 1-hour RSI does. Right now, it's moving sideways. Ideally, the RSI will pull back to around the 50 line, hold steady, and then quickly move back up. If that signal appears, it means short-term selling pressure has mostly been released and the bulls are taking control again. If this is also combined with price holding above the 1-hour 21 EMA, then things are basically solid.

Why is now a high-probability entry? Because the larger trend is clear, and we're just waiting for confirmation that the pullback is over. After this kind of flag pattern breakout, it usually goes to test the previous high near 2.88. Using the RSI as a filter helps you avoid jumping in too early before the correction is finished.

How to execute? Here’s the long setup—

Entry: 2.678 (market price)
First target: 2.750
Second target: 2.880
Aggressive target: 3.000
Stop loss: 2.490

$PENDLE’s technical structure is pretty clean, and if indicators line up, the risk-reward for this trade is worth a shot. Of course, the stop loss must be strictly enforced—after all, you never know what kind of crazy moves the market might throw at you.