Trading Signal Alert: $PENDLE /USDT
The $PENDLE /USDT pair is showing significant upward momentum, recovering strongly from its 24-hour low of $4.128 to its current price of $5.174, a +2.23% gain. The Relative Strength Index (RSI) at 79.658 indicates overbought conditions, suggesting the possibility of a temporary pullback before further movement.
Key Levels:
Resistance: $5.248 (24h High)
Support: $4.877 (recent breakout level)
Trading Plan:
Entry Price: Around $5.17
Take-Profit Targets:
1. $5.50
2. $5.70
3. $6.00
Stop Loss: $4.87
Caution:
Traders should monitor price stability near the resistance at $5.25 and watch for potential breakout signals. Adjust positions carefully, considering the RSI's overbought zone.
