$PENDLE /USDT 📈 Trade Setup

🔍 Chart Analysis – #PENDLE/USDT

Current Price: $4.42

Recent Move: Strong bullish breakout

Price Action Highlights:

Ascending Channel Breakout: Price has broken above the upper trendline of a rising channel.

High Volume Green Candle: Suggests strong momentum behind the breakout.

Support Levels:

Key support now lies near $4.03 (previous resistance turned support).

Stronger support at $3.60 and $3.00.

Pattern Formed: Bullish breakout from accumulation range.

Trend: Uptrend continuation with higher highs and higher lows. EMA (green line) is acting as dynamic support.

✅ Entry (Confirmation-based):

Entry Zone: $4.20–$4.30 (on minor pullback to support)

Stop Loss: $4.00 (below breakout zone)

Target 1: $4.60 (recent high)

Target 2: $5.00 (psychological & measured move target)

Target 3: $5.40 (channel projection)

🛑 Risk Management:

Risk/Reward for T1: ~1.5 to 1

Consider partial profits at $4.60 and trail stop-loss for remaining.

Trade Here on $PENDLE