🔥 $PENDLE Long Liquidation Alert: $5.0385K at $6.1073 🔥
A significant $5.0385K long liquidation has just hit $PENDLE at $6.1073. The bears have made their move, shaking the market, but could this be the calm before the bulls roar back? Here's your detailed plan to seize the opportunity in this volatile moment.
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Market Snapshot
1. Current Sentiment: The liquidation reflects selling pressure, but the market could be hunting for liquidity before a reversal.
2. Support Zone: Key support lies between $6.00 - $6.05, a critical level to watch for buyers stepping in.
3. Resistance Zone: Immediate resistance is at $6.20 - $6.25, with a stronger barrier near $6.40.
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Trading Plan
Buy Zone:
$6.00 - $6.05
(A perfect spot to enter if support holds, signaling a potential rebound.)
Target Levels:
Target 1: $6.20
Target 2: $6.35
Target 3: $6.50 (if momentum picks up strongly)
Stop Loss:
Below $5.95
(Protect your capital in case the price breaks support and heads lower.)
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What’s Next?
Volume Check: Watch for increased buying volume around $6.00—this could confirm a reversal.
Breakout Watch: A clear break above $6.25 would signal bullish momentum.
Risk of Further Downside: If $6.00 fails, the next strong support is near $5.80, so stay cautious.
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Final Thoughts
The $PENDLE market is heating up, and the next move could offer quick opportunities for gains. Stick to the plan, manage your risks, and stay alert for rapid shifts in momentum.
Are you ready to ride the PENDLE wave, or waiting for stronger confirmation? Your next move matters—play it wisely!
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