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$PENDLE Â - chart analysis:
đ·The daily view is showing trend reversal! đ
Usually when the LS and prices are crossing the T/K + clouds like this, it means that the bearish move will continue đš
Local support around 4.00 $ - 4.050 $
For potential bearish retest zone: 50% fib resistance around 4.900$
đ·Regarding the mid term view, we can expect a deeper correction toward the 3.200$ support; especially if the price of $BTC falls, as I saw in my previous analysisđšđ
-On the last chart, the daily uptrend will also probably act as strong support.
-See a possible setup in my H4 chart.đ
đNote:
-The short term volatility is very highâïž
-I recommend you to book your profits quicklyâïž
-Buy low, sell high!
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