📈 PENDLE/USDT (1H) – Bull Flag Continuation Setup

Exchange: Binance – Perpetual Contract

Current Price: $4.2178

Volume: 238.79K – Healthy consistent demand

Change: -0.30%

✅ Signal Type: Bullish Continuation (Breakout from Flag)

PENDLE is recovering from a mid-range dip and forming a flag structure following a strong rally. Price action remains bullish with dips being bought aggressively.

🔍 Technical Highlights:

Flag Pattern: Pullback structure within overall uptrend

Strong Recovery: Fast V-shape back above $4.00

Volume Alignment: Renewed buy pressure in latest candles

📊 Trade Setup:

🔵 Entry Zones:

Breakout entry: Above $4.28 (flag top)

Pullback entry: $4.05–$4.15

🔴 Stop-Loss:

Below $3.95 (flag base support)

🟢 Take Profit Targets:

TP1: $4.50

TP2: $4.75

TP3: $5.00 (round level + prior high zone)

📈 Risk/Reward: 2.1 to 1 (depending on entry)

⚠️ Invalidation:

Loss of $3.90 with rising sell volume

✅ Buy and Trade Here: $PENDLE