š Trade Signal: $PENDLE /USDT | ā³ Timeframe: 1D
šÆ Bias: š„ Bullish (Caution Due to Overbought RSI)
š Live Price: 4.367 USDT (±0.34% from 24h high)
ā” Entry Zone: 4.250ā4.320 (Ideal: Near MA(25) = 4.352)
šÆ Profit Targets: š¹ T1: 4.515 (+3.4%) | š¦ T2: 4.707 (+8.0%) | š T3: 5.039 (+15.4%)
ā Stop Loss: 3.830 (-12.3%) | š Breakeven: At T1 Hit
āļø R:R: 1:3 (Auto-adjusted to 1:1.5 if SL tightens)
š¬ Market Breakdown
š Pattern: Ascending Channel with consolidation near 24h high.
š¶ Indicators:
RSI(6): 71.887 (Overbought) š Potential pullback likely
MACD: Bullish Cross (DIF > DEA) ⨠Momentum building
Fib Levels: 0.618 retracement at 4.044 š Key support
š Catalysts: Token Unlock event (supply increase risk) š
š” Sentiment: Mixed š (Whales accumulating) vs. š (Retail profit-taking at highs).
š”ļø Risk Plan
š Size: 2% Capital (1,000 USDT @ 5x Leverage)
š„ Max Loss: 0.5% of Portfolio
š Drawdown Hedge: Trailing Stop Loss at 2% below moving price after T1.
Note: Monitor RSI divergence and MACD histogram for reversal signals. Adjust SL to breakeven upon T1 hit.$PENDLE