$PENDLE /USDT Trade Setup – Binance

$PENDLE is currently trading at $3.89, down 3.83% on the day, after bouncing from a low of $3.737. The price action shows a potential recovery setup forming near a strong support zone with a chance of reversal if momentum builds above $3.90.

Trend: Bullish Rebound Setup (short-term)

Entry Zone:

$3.85 – $3.90

Stop Loss:

$3.68 (below the recent low and key support)

Take Profit Targets:

• Target 1: $4.05 (recent local resistance)

• Target 2: $4.20 (psychological barrier and previous rejection level)

• Target 3: $4.38 (extension zone if bullish momentum sustains)

Key Support Level:

$3.73 – strong rebound zone tested today

Key Resistance Level:

$4.05 – needs a clean break for further upside

Analysis:

PENDLE has shown strong volume (over $26M in USDT), suggesting interest remains high despite the intraday pullback. As long as it holds above $3.73, bulls may reclaim control. A close above $4.00 on 1H or 4H candles would signal momentum returning. Volume confirmation on the upside move is key for higher targets.

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