$PENDLE is up 1 percent and someone is happy to sell it to you right here
Most buyers jump in when green candles flash and they become the exit liquidity
Look at the range where $PENDLE sits dead in the middle at 53 percent
The 24 hour volume is only 0.6x the weekly average so big money is not even here
That means retail traders are just trading bags back and forth in a tight channel
When you chase a boring 1 percent move you risk the drop back to the swing low at $2.1160
Wait for the extremes instead of buying the exact middle of nowhere
What is your personal rule for avoiding the middle of a daily range
#PENDLE #TradingTips
Most buyers jump in when green candles flash and they become the exit liquidity
Look at the range where $PENDLE sits dead in the middle at 53 percent
The 24 hour volume is only 0.6x the weekly average so big money is not even here
That means retail traders are just trading bags back and forth in a tight channel
When you chase a boring 1 percent move you risk the drop back to the swing low at $2.1160
Wait for the extremes instead of buying the exact middle of nowhere
What is your personal rule for avoiding the middle of a daily range
#PENDLE #TradingTips