Market Quick Report: $PENDLE đ
Suggested Direction: Long
Entry: 1.3432-1.3543
Stop-Loss Reference: 1.3370
Target Prices: 1.3629/1.3753/1.3938
Analysis: Ha, PENDLEâs long move is like a constipation actâslow and sluggish. The current price is 1.3506; the EMA short crosses above the long, MACD forms a golden cross, and RSI is barely alive at 51.5âindicators have all been lined up for you, yet the price just hangs around here doing nothing. What, afraid itâll rise too fast and youâll strain yourself? Or deliberately pinned around 1.35 so longs and shorts can mutually annoy each other? It looks like a bullish trend, but in reality the throttle is welded and the steering wheel is shakingâyour stop-loss at 1.337 is just a twitch away from the current price. Slip in with even a small needle and youâll get the experience of going from a âtrend traderâ to a âcharity withdrawal machineâ in seconds. In my view, this market looks like an auntâs bound footwrapâsmelly, long, and full of theatrics. You chase it, it pretends to be dead; you withdraw, it suddenly comes back to life. It manages to turn a one-sided move into a choppy meat grinder. Donât go all-in on position sizingâif it breaks down, accept defeat. Donât try to see whoâs tougher with this twisted action.
Tip: Suggested Stop-Loss Level: 1.337023, Please adjust your position size according to your own risk tolerance
#PENDLE
Suggested Direction: Long
Entry: 1.3432-1.3543
Stop-Loss Reference: 1.3370
Target Prices: 1.3629/1.3753/1.3938
Analysis: Ha, PENDLEâs long move is like a constipation actâslow and sluggish. The current price is 1.3506; the EMA short crosses above the long, MACD forms a golden cross, and RSI is barely alive at 51.5âindicators have all been lined up for you, yet the price just hangs around here doing nothing. What, afraid itâll rise too fast and youâll strain yourself? Or deliberately pinned around 1.35 so longs and shorts can mutually annoy each other? It looks like a bullish trend, but in reality the throttle is welded and the steering wheel is shakingâyour stop-loss at 1.337 is just a twitch away from the current price. Slip in with even a small needle and youâll get the experience of going from a âtrend traderâ to a âcharity withdrawal machineâ in seconds. In my view, this market looks like an auntâs bound footwrapâsmelly, long, and full of theatrics. You chase it, it pretends to be dead; you withdraw, it suddenly comes back to life. It manages to turn a one-sided move into a choppy meat grinder. Donât go all-in on position sizingâif it breaks down, accept defeat. Donât try to see whoâs tougher with this twisted action.
Tip: Suggested Stop-Loss Level: 1.337023, Please adjust your position size according to your own risk tolerance
#PENDLE