🚀$PENDLE /USDT - Bullish Reversal Attempt in Motion 🚨

📉24h Change: -1.33%

📈 Timeframes: 1H & 4H Chart Analysis

🔵 RSI: 52.74 (1H), 47.42 (4H)

🟠 MACD: Bearish momentum decreasing, potential bullish cross ahead

🔍 Analysis & Trade Thinking:

$PENDLE is currently showing signs of bottoming out after touching support around $4.00. The 20 & 50 EMA cross on the 1H chart has flipped bullish with a clean reversal candle formation. The 4H chart remains technically in a consolidation range but is testing the EMA resistance zone around $4.07–4.10.

✅ RSI Recovery on 1H indicates renewed buying interest.

📉 MACD Histogram is flattening out, signaling slowing bearish pressure.

🟩 Strong recovery from $3.998 low suggests support is being respected.

🟢 Bullish Trade Strategy:💥

Entry Zone: $4.04 – $4.07

Target 1: $4.13

Target 2: $4.22

Stop-loss: $3.98 (below 4H support wick)

⏳ Trade Duration: Short-term (1–2 days scalping to intraday swing)

⚠️ Watch for 4.10–4.13 breakout on strong volume for continuation setup.

📌 Takeaway:

$PENDLE is attempting a short-term trend shift. If it maintains momentum above $4.07, it could push into the $4.20 range. However, failing to break the $4.10 level convincingly may lead to another retest of lower support.

💡 Trader Mindset: "When support holds strong despite market noise, accumulation often precedes the breakout."

⚠️ This is not financial advice. Always DYOR and use proper risk management.

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