🎯 $PENDLE Market Analysis & Trading Plan
Current Situation:
PENDLE just saw an $11.554K long liquidation at $3.19956. The market is showing interesting patterns with price currently at $3.40, suggesting a potential bounce zone.
Buy Zones:
Strong Support: $3.19-$3.20 (liquidation level)Value Area: $3.25-$3.30Conservative Entry: $3.35-$3.40
Targets:
1st Target: $3.60
2nd Target: $3.89
3rd Target: $4.20
Stop Loss:
Place stop loss at $3.05 (below key support)
Important Notes:
Market showing strong technical signalsVolume increasing at key levelsKeep position sizes reasonableWait for clear entry signalsDon't chase - patience pays!
Trading Tip: The recent liquidation at $3.19956 creates a strong support level. Many traders will be watching this level for potential bounce! 📈
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$PENDLE