🚀 $PENDLE /USDT – LONG SETUP & ANALYSIS
Pendle has shown strong bullish momentum after reclaiming support above $5.10 and testing resistance near $5.53. The coin is forming higher lows on the 4H chart, signaling sustained buying pressure and the potential for another upward leg. Trading volume remains healthy, further strengthening the bullish bias.
🔹 Entry Zone: $5.40 – $5.50
🔹 Target 1 (TP1): $5.75
🔹 Target 2 (TP2): $6.00
🔹 Stop Loss (SL): $5.20
If buyers maintain control above $5.40, a breakout toward $6.00 looks likely. A dip into the entry range could provide an ideal long opportunity for swing traders.
