I almost bought $PENDLE today at 2.3460. Then I checked the volume and stopped

Volume is sitting at 0.6x average over the last 24h

This quiet drift higher is not being backed by real capital moving in

Price is sitting 12.9 percent below the 7 day high of 2.6930 with 1h RSI neutral at 48

I need an hourly close and hold above 2.4280 before I care about upside

Or a clean test of the 2.3040 swing low that holds and bounces

It could keep running without me and that is fine

Chasing $PENDLE here, or waiting for 2.3040

#PENDLE #RiskManagement