#PENDLE LTF Analysis:
$PENDLE is building a solid bullish case on the 2-hour chart after reclaiming its key horizontal support zone around $2.00–$2.05 with noticeable volume expansion. The structure is printing higher highs and higher lows right above this demand floor, showing consistent buyer absorption within the descending triangle setup.
Although $PENDLE got rejected from the overhead trendline resistance on its initial push, this current pull-back into support offers a prime long loading zone. A decisive breakout and flip of the descending trendline on the next attempt should trigger the expansion move toward the $2.50+ targets.
$PENDLE is building a solid bullish case on the 2-hour chart after reclaiming its key horizontal support zone around $2.00–$2.05 with noticeable volume expansion. The structure is printing higher highs and higher lows right above this demand floor, showing consistent buyer absorption within the descending triangle setup.
Although $PENDLE got rejected from the overhead trendline resistance on its initial push, this current pull-back into support offers a prime long loading zone. A decisive breakout and flip of the descending trendline on the next attempt should trigger the expansion move toward the $2.50+ targets.