$PENDLE 📌 PENDLE/USDT Trade Breakdown – Bulls Breathing Again! 🚀
🔍 Current Price: $4.513
🕐 Timeframe Observed: 1H & 4H
📈 Change: +1.21%
📊 Volume Surge: 3.37M (PENDLE) 15.32M (USDT)
🔍 Technical Breakdown:
🔸 1H Chart:
$PENDLE Price bounced from local support at $4.45 after a minor pullback.
Forming higher lows with decent recovery candles, hinting short-term bullish attempt.
RSI showing early reversal signs from oversold zone.
🔸 4H Chart:📊
Clean breakout from consolidation between $4.35–$4.50.
Strong wick rejection seen from $4.70 high—suggests temporary resistance.
MA indicators show consolidation near trend line support ($4.49 EMA).
📊 Momentum:
90-day return is an impressive +63.96%
Weekly & monthly sentiment also green: +2.15% (7D), +36.86% (30D)
🎯 Strategy Thinking: 📍 Entry: $4.48–$4.50 range on confirmation 🎯 Target: $4.68 / $4.70 (short-term resistance)
🛑 Stop Loss: $4.44 below swing low
🔁 Swing Traders can monitor $4.35–$4.40 zone for bullish engulfing if price revisits.
🧠 Trader’s Mindset:
"Momentum builds in silence. Smart money accumulates where noise fades." 💡
📌 Pro Tip: If RSI and volume align with green engulfing on 1H, prepare for a quick bullish move. Risk-reward is key.
⚠️ Disclaimer: This is a technical analysis post, not financial advice. DYOR before entering any trade.