๐$PENDLE /USDT Technical Snapshot โ Bullish Momentum in Motion๐ฅ๐ค๐๐
Current Price: $3.987 | 24H Gain: +8.20%
๐ Chart Analysis (1H & 4H View): $PENDLE has shown a strong bullish recovery, breaking through key moving averages with momentum:
๐น MA/EMA Bullish Crossover: The 20EMA crossed above the 50MA, confirming short-term upside strength.
๐น MACD Surge: MACD histogram expanding rapidly on both 1H & 4H, signaling strengthening buyer volume.
๐น RSI: Hovering near 76 on the 1H chart โ near overbought zone but holding bullish structure.
๐น Volume: Healthy 24H volume confirms conviction behind the move.
๐ Support Zone: $3.81 - $3.73
๐ Resistance Zone: $4.00 psychological barrier โ breakout above could accelerate toward $4.15+
๐ Trade Strategy Plan:
๐ฏ Bullish Setup
Entry: $3.94 - $3.99 (on minor retest)
SL: $3.80 (below MA20)
Targets:
โข TP1: $4.15
โข TP2: $4.28
โข TP3: $4.50+ (if breakout volume sustains)
โณ Trade Duration: 1โ2 days swing setup
๐ Global Sentiment: Strong DeFi sector recovery, with Pendle leading the bounce on volume and structure.
๐ก "Momentum gets stronger when technicals, volume, and sentiment align. $PENDLE is ticking all boxes right now. Let the chart guide your patience."
๐ Always use SL. No blind longs in overbought zones!
๐ง "Your risk management is more important than your entry. Discipline defines the winner."
๐ข #Binance #Pendle #Altcoins #BinanceAlphaAlert #MarketRebound