$PENDLE /USDT Technical Analysis and Entry Strategy!🔥💯

The 15-minute chart for PENDLE/USDT indicates a potential breakout above the highlighted consolidation zone. The price has decisively broken above the resistance level near $5.45, and this area is now expected to act as a support. This could be an ideal time to enter a long position for those looking to capitalize on the momentum.

Trade Setup:

• Entry Zone: Around $5.47 (current price)

• Stop Loss: Below the consolidation zone at $5.40

• Target 1: $5.55

• Target 2: $5.60

• Target 3: $5.70 (for swing traders)

Key Insights:

• The breakout is accompanied by strong bullish candlesticks, suggesting buying pressure.

• The previously established resistance zone is now a critical support level.

• Ensure proper risk management by using the stop-loss level to minimize downside risk.

Stay vigilant and monitor market conditions for any signs of rejection or volatility around the targets. Always stick to your trading plan!

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