📊 Technical Analysis: PENDLE/USDT
🔥Currently, PENDLE is priced at $4.025, down -2.28% on the day. The price is trading below the 7-day MA ($4.106) and the 25-day MA ($4.225), suggesting short-term weakness. The RSI(6) is at 40, indicating possible oversold conditions, but without confirmation yet.
✅ DCA Strategy (Dollar-Cost Averaging)
Considering PENDLE’s overall bullish trend, the current level provides a good opportunity for staggered entries:
💸💸 Suggested DCA Zones: $4.00 - $3.80 - $3.60
Ideal for those who believe in the token's medium/long-term potential, helping to reduce entry risk.
🕰️ Swing Trade Strategy
🟢 Long (Buy)
Entry: $4.00
🎯 Target 1: $4.40 (MA25)
🎯 Target 2: $4.72 (recent top)
⛔️ Stop-loss: $3.80 (approx. -5%)
Rationale: RSI is near reversal zone and a daily support candle is forming.
🔴 Short (Sell)
Entry: $4.15 (if MA25 is rejected)
🎯 Target 1: $3.80 (24h support)
🎯 Target 2: $3.60 (previous consolidation zone)
⛔️ Stop-loss: $4.36 (above resistance)
Rationale: Lack of buying pressure seen in volumes and reversal candles below moving average.
⚠️ Disclaimer
This post is for educational purposes only and does not constitute investment advice. Always do your own research before trading. Crypto assets are volatile and involve risk.