Hello, traders!

1-hour analysis

It looks like $PENDLE has formed a descending structure in the form of a triangle, lowering the passing volume and price highs along the trend line, which indicates buying weakness and selling strength.

The price is being squeezed towards a cluster of support levels with several touches, behind which unrealized liquidity has accumulated.

There is a possibility of a breakdown, depending on increased trades near the level…

Please refer to the attached image for clarification.

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— Disclaimers —

This is not investment advice, it is simply free knowledge for your consideration 📖✨

Remember to always *Do Your Own Research* (DYOR)

As always, the choice to actually trade is yours, and so is the responsibility for your gains or losses 📈📉