pendlecoin

🔥 $PENDLE 15M: Relief Rally or the Start of a Trend Reversal?
⏰ Timeframe: 15M
📊 Market Bias: Neutral → Bullish Price has bounced strongly from the 1.364 low and reclaimed the MA(7). However, it is still trading below the MA(99), making this a recovery phase rather than a confirmed trend reversal.

🎯 Trade Setup
Trade: LONG (only on confirmation)
Entry Zone: 1.405 – 1.410 (retest) or breakout above 1.414
Stop Loss: 1.392
TP1: 1.423
TP2: 1.440
TP3: 1.455
Risk:Reward: 1:2.4
Trade Invalidation: A 15M close below 1.392 invalidates the bullish setup.

📈 Technical Analysis
Price Action: Strong V-shaped recovery after sweeping liquidity near 1.364.

Market Structure: Recovery phase with the first higher low formed.

Support: 1.400–1.392
Resistance: 1.414, 1.423, then 1.440.

EMA/MA: MA(7) has crossed above price momentum, but MA(25) and MA(99) still act as dynamic resistance.

Volume: Recovery came with improved buying interest, but sustained volume is needed for continuation.

Liquidity: Sell-side liquidity below 1.364 has likely been swept; next liquidity pool sits above 1.423.

Order Block: Bullish demand around 1.392–1.400.

FVG/SMC: Liquidity grab followed by displacement favors further upside if resistance is reclaimed.
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