🚨 Trading Signal Alert: $PENDLE /USDT 🚨
Current Price: $6.334
Market Sentiment: Upward Momentum
Price Overview:
PENDLE/USDT has rebounded sharply from the recent low of $4.95 and is showing strong bullish momentum. The price is now trading near $6.33, approaching a resistance zone around $6.40. The RSI is at 70.81, indicating a possible overbought level—traders should watch for a breakout confirmation or potential pullback.
Trading Setup:
Entry Price: $6.30 - $6.35 (buy zone)
Resistance Levels:
R1: $6.40 (Immediate Resistance)
R2: $6.80
R3: $7.00
Support Levels:
S1: $6.00
S2: $5.57
Targets (Take Profit):
1. TP1: $6.80
2. TP2: $7.00
3. TP3: $7.20
Stop Loss: $5.77
⚠️ Caution: The RSI suggests overbought conditions, so ensure volume confirms the upward breakout. A rejection at $6.40 could trigger a pullback towards $6.00 support.
