🚨 $PENDLE Long Liquidation Alert! 🚨
A huge $2,644.5 worth of long positions just got wiped out at $4.416! The market is shaking, and the volatility is screaming for attention!
🔍 Deep Dive Analysis:
Current Price Zone:
The liquidation at $4.416 signals a strong resistance zone. This level could now act as a crucial pivot — watch for price action carefully around here.
Buy Zone:
Look for dips near $3.80 - $4.00 for a potential bargain entry. This zone offers a sweet spot where accumulation may happen as sellers exhaust their momentum.
Target Zone:
If $PENDLE rebounds, the first target to aim for is around $4.80 - $5.00 — a zone where sellers may reappear and profit-taking could spike.
Stop Loss:
Risk management is critical! Keep your stop loss tight below $3.70 to avoid getting caught in a deeper correction.
⚡️ Why This Setup Is Exciting:
The liquidation hints at trapped longs who got shaken out — a classic setup before a rebound.
Strong support near $3.80 provides a cushion for bulls to regain control.
The risk-to-reward ratio looks favorable if you play smart around these levels.
Trade smart, stay alert, and keep your stops tight! $PENDLE is showing classic signs of a potential swing — don’t miss the ride.