$PENDLE /USDT Trade Setup
Market Insight:
$PENDLE is showing bullish momentum, up +8.64% in the last 24h, with price nearing the upper Bollinger Band. Trading volume in USDT is significantly higher than in PENDLE, indicating strong buying demand.
๐น Entry:
$4.00 โ $4.08 (preferably on a pullback)
๐ฏ Targets:
Target 1: $4.18 (Bollinger Upper Band resistance)
Target 2: $4.32 (recent resistance zone)
Target 3: $4.50 (psychological + Fibonacci extension level)
๐ป Stop Loss:
$3.84 (just below mid-Bollinger Band and recent support)
๐ Key Levels:
Support: $3.84 / $3.69 / $3.49
Resistance: $4.18 / $4.32 / $4.50
Pivot (MB): $3.96
๐ก Pro Tip:
If entering late, consider waiting for a break and retest of the $4.18 level. Monitor MACD crossover on lower timeframes (1h/4h) for early exit or re-entry confirmation.
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