$PENDLE /USDT has been in a strong uptrend recently, with the price steadily climbing from a support level around 4.128. The current price is 5.271, indicating a significant increase of 3.41%. The Relative Strength Index (RSI) stands at 93.070, suggesting overbought conditions and potential for a short-term pullback or consolidation.
Entry:
* Long Entry: Consider entering a long position on a pullback to the 4.913 support level.
Targets:
* Take Profit 1: 5.335
* Take Profit 2: 5.492
* Take Profit 3: 5.577
Stop Loss:
* Stop Loss: Place a stop loss below the 4.128 support level.
Caution:
* Traders should exercise caution due to the overbought RSI reading. A period of consolidation or a slight pullback could occur before the price resumes its upward trend. Watch for potential breakout signals above the 5.335 resistance level.
