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$PENDLE /USDT Testing Key Resistance After +10.54% Surge!🔥
🌟Current Price: 3.724 USDT (+10.54%)
🌟24 Hour High: 3.730 USDT (Critical resistance zone).
🌟24 Hour Low: 3.295 USDT (Strong support level).
Volume (24H):
🌟PENDLE: 7.79M
🌟USDT: 27.00M
⚡PENDLE is exhibiting a strong bullish surge, nearing its 24 hour high. The highlighted yellow zone on your chart indicates a pivotal area that traders will monitor for confirmation of further upward movement or a potential reversal.
⚡Technical Indicators 🧩
1. RSI: Likely approaching overbought conditions; watch for signs of a slowdown near resistance.
2. MACD: Indicates continued bullish momentum; however, monitor for early divergence.
3. Bollinger Bands: Widened, reflecting heightened market volatility.
⚡Trading Setup 📝
🎖️Bullish Scenario
Type: Continuation Trade
👉Entry Point: Above 3.730 USDT (on confirmed breakout with strong volume).
👇Take Profit Targets:
🎯TP1 (1:1): 3.780 USDT
🎯TP2 (1:2): 3.850 USDT
💢Stop Loss: Below 3.700 USDT
🎖️Bearish Scenario
Type: Reversal Trade
👉Entry Point: Below 3.700 USDT (confirmed rejection at resistance).
👇Take Profit Targets:
🎯TP1 (1:1): 3.650 USDT
🎯TP2 (1:2): 3.600 USDT
💢Stop Loss: Above 3.720 USDT
⚡Risk Management Strategy ⚠️
For Bullish Setup, adjust your Stop Loss to Breakeven once TP1 (3.780 USDT) is achieved and book partial profits (~50%).
For Bearish Setup, lock in gains at TP1 (3.650 USDT) by moving your Stop Loss to Entry.
⚡Key Observations ✍️
1. Watch for volume confirmation—ensure that breakout or pullback moves are accompanied by strong trading activity to validate their reliability.
2. The 3.730 USDT resistance zone is pivotal; a decisive breach could lead to further rallies.
3. Discipline and proper risk management are crucial, especially during volatile price movements like these.
Disclaimer:
#DYOR* Buy Or Trade With Me On
$PENDLE #dinnerwithtrump #BinanceAlphaAlert #BinanceHODLerSIGN #PENDLE