$PENDLE is up 11.31% this week and still beating BTC by 24.2 points over the last 30 days, that's not a coin drifting up on beta.
volume backs it up too, last 5 days running 1.51x the prior 20, RSI sitting at 65 which is the sweet spot before overbought, and the daily MACD histogram is still positive. this is a tape that's being bought, not just drifting.
yesterday's low at $2.416 is the line in the sand here. above that, the setup score reads 8 out of 14 and the room runs toward the 10-day swing high at $2.798. below it, the story changes fast.
last price is $2.52 right now, 24h high $2.55, low $2.39. if $PENDLE holds $2.416, i think it pushes toward that $2.798 swing high next. if it loses $2.416, i'm wrong on this and anyone long from here is holding a broken setup with nothing to defend.
holding $2.416 or losing it?
follow me for more calls like this.
volume backs it up too, last 5 days running 1.51x the prior 20, RSI sitting at 65 which is the sweet spot before overbought, and the daily MACD histogram is still positive. this is a tape that's being bought, not just drifting.
yesterday's low at $2.416 is the line in the sand here. above that, the setup score reads 8 out of 14 and the room runs toward the 10-day swing high at $2.798. below it, the story changes fast.
last price is $2.52 right now, 24h high $2.55, low $2.39. if $PENDLE holds $2.416, i think it pushes toward that $2.798 swing high next. if it loses $2.416, i'm wrong on this and anyone long from here is holding a broken setup with nothing to defend.
holding $2.416 or losing it?
follow me for more calls like this.
