$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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