$PENDLE – POTENTIAL REVERSAL FROM LOCAL BOTTOM – LONG TRADE SIGNAL
Price bounced from the $4.300 support after a steep decline from $4.737, signaling early signs of recovery. Buyers stepped in aggressively at the low, defending the level with a sharp wick and follow-through momentum.
Trade Setup:
• Long Entry: $4.42 – $4.44
• Take Profit Targets:
• TP1: $4.63
• TP2: $4.73
• Stop Loss: $4.28
Market Outlook:
Short-term sentiment is shifting bullish with a possible double-bottom confirmation. Sustained strength above $4.47 could invite more buyers.
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