💥$PENDLE /USDT Testing Key Resistance After +10.54% Surge!🔥

🌟Current Price: 3.724 USDT (+10.54%)

🌟24 Hour High: 3.730 USDT (Critical resistance zone).

🌟24 Hour Low: 3.295 USDT (Strong support level).

Volume (24H):

🌟PENDLE: 7.79M

🌟USDT: 27.00M

⚡PENDLE is exhibiting a strong bullish surge, nearing its 24 hour high. The highlighted yellow zone on your chart indicates a pivotal area that traders will monitor for confirmation of further upward movement or a potential reversal.

⚡Technical Indicators 🧩

1. RSI: Likely approaching overbought conditions; watch for signs of a slowdown near resistance.

2. MACD: Indicates continued bullish momentum; however, monitor for early divergence.

3. Bollinger Bands: Widened, reflecting heightened market volatility.

⚡Trading Setup 📝

🎖️Bullish Scenario

Type: Continuation Trade

👉Entry Point: Above 3.730 USDT (on confirmed breakout with strong volume).

👇Take Profit Targets:

🎯TP1 (1:1): 3.780 USDT

🎯TP2 (1:2): 3.850 USDT

💢Stop Loss: Below 3.700 USDT

🎖️Bearish Scenario

Type: Reversal Trade

👉Entry Point: Below 3.700 USDT (confirmed rejection at resistance).

👇Take Profit Targets:

🎯TP1 (1:1): 3.650 USDT

🎯TP2 (1:2): 3.600 USDT

💢Stop Loss: Above 3.720 USDT

⚡Risk Management Strategy ⚠️

For Bullish Setup, adjust your Stop Loss to Breakeven once TP1 (3.780 USDT) is achieved and book partial profits (~50%).

For Bearish Setup, lock in gains at TP1 (3.650 USDT) by moving your Stop Loss to Entry.

⚡Key Observations ✍️

1. Watch for volume confirmation—ensure that breakout or pullback moves are accompanied by strong trading activity to validate their reliability.

2. The 3.730 USDT resistance zone is pivotal; a decisive breach could lead to further rallies.

3. Discipline and proper risk management are crucial, especially during volatile price movements like these.

Disclaimer: #DYOR*

Buy Or Trade With Me On $PENDLE

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