$PENDLE 🚀 🚀 BULLISH MOMENTUM 🚀 🚀
Technical Overview
Market Context:
PENDLE is showing strong upside momentum with a 13.6% daily gain.
The breakout is backed by significant volume, signaling institutional interest or trend acceleration.
The rally comes after a period of sideways consolidation between $3.60–$4.10.
Key Levels to Watch
Support Zones:
$4.20–$4.25 – Recent breakout zone; now acting as support
$3.90–$4.00 – Previous consolidation area
$3.60 – Major support and accumulation zone
Trade Setup
Scenario 1 – Momentum Breakout Play:
Entry: $4.45–$4.50
Target 1: $4.70
Target 2: $5.00
Target 3 (extended): $5.30
Stop-loss: Below $4.20
Scenario 2 – Pullback Entry:
Entry Zone: $4.20–$4.30
Target: $4.70–$5.00
Stop-loss: Below $4.00
Scenario 3 – Aggressive Scalping (Intraday):
Buy dips near $4.35–$4.40
Sell near $4.60–$4.70
Tight stop below $4.25
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Outlook
PENDLE is in clear breakout mode, with strong follow-through volume and rising trader interest. Holding above $4.20 could confirm it as a new support base, with potential upside toward $5+ in the near term. Caution: overbought conditions may lead to minor pullbacks—watch support levels closely.