Long Trade Setup for $PENDLE /USDT 🚀
Current Price: $3.71 (+6.51%)
24h High: $3.716
24h Low: $3.401
Volume (PENDLE): 2.93M
Volume (USDT): 10.38M
Key Levels:
Support (Spot & Futures): $3.40
Resistance: $3.736
Trade Strategy:
1. Entry: Look for entry at $3.71 or a slight pullback toward $3.65 for better positioning.
2. Stop Loss: Set your stop loss below $3.40 (around $3.35) to minimize risk.
3. Target 1 (Spot): $3.736 (Immediate Resistance)
4. Target 2 (Spot): $3.80 (Key Psychological Level)
5. Target 1 (Futures): $3.85
6. Target 2 (Futures): $4.00
Key Indicators to Watch:
Volume: Look for increasing volume to confirm bullish momentum.
RSI: Check RSI for overbought conditions; avoid entering if it goes above 70.
Why This Trade Works:
The bullish trend remains strong, and with the volume showing an increase, there’s high potential for further upside.
Resistance at $3.736 should be tested, and if broken, the price could move higher towards the next psychological resistance level.
Final Thoughts:
PENDLE/USDT is showing great potential for a long entry with solid momentum. Ensure you have tight risk management and stay updated with the market for any changes. Happy trading..