$PENDLE is showing a clean long setup, but the current candle is already close to the 24h high, so I would wait for a pullback instead of chasing. Price is around 1.943, up 17.05% in 24h, and still holding well above MA7 1.555, MA25 1.416, and MA99 1.458.
Bias: Long on pullback
Entry zone: 1.820 to 1.900
Stop: below 1.740
TP1: 1.983
TP2: 2.060 to 2.100
TP3: 2.200 to 2.300 if volume continues
The reason I prefer long is that PENDLE broke out strongly from the lower range and buyers are stepping in with volume. The setup stays healthy as long as price holds above the breakout area and does not lose 1.740. A clean break above 1.983 would confirm continuation, but the better trade is waiting for a controlled retest before entering.
Bias: Long on pullback
Entry zone: 1.820 to 1.900
Stop: below 1.740
TP1: 1.983
TP2: 2.060 to 2.100
TP3: 2.200 to 2.300 if volume continues
The reason I prefer long is that PENDLE broke out strongly from the lower range and buyers are stepping in with volume. The setup stays healthy as long as price holds above the breakout area and does not lose 1.740. A clean break above 1.983 would confirm continuation, but the better trade is waiting for a controlled retest before entering.