🔺 $PENDLE IS GETTING TIGHT
$PENDLE is trading around $2.476 and compressing inside a 1H symmetrical triangle. Price is getting close to the apex, so the next clean breakout could decide the short-term direction.
📌 Resistance: $2.50–$2.55
📌 Support: $2.42–$2.45
A 1H close above $2.55 with strong volume could open the way toward $2.70 → $2.80 → $3.00.
If $2.40 breaks, the setup turns bearish, with ~$1.80 becoming the bigger downside level.
I’d wait for the candle close and volume confirmation rather than chasing a wick. Apex breakouts can fake out fast.
What’s your view on $PENDLE here, breakout or breakdown?
$PENDLE is trading around $2.476 and compressing inside a 1H symmetrical triangle. Price is getting close to the apex, so the next clean breakout could decide the short-term direction.
📌 Resistance: $2.50–$2.55
📌 Support: $2.42–$2.45
A 1H close above $2.55 with strong volume could open the way toward $2.70 → $2.80 → $3.00.
If $2.40 breaks, the setup turns bearish, with ~$1.80 becoming the bigger downside level.
I’d wait for the candle close and volume confirmation rather than chasing a wick. Apex breakouts can fake out fast.
What’s your view on $PENDLE here, breakout or breakdown?
