🚨 Crypto Master Alerts 🚨
PENDLEUSDT Perp – September 4, 2024
Current Price: $2.8062 (-9.53%)
Mark Price: $2.8076
Timeframes:
15m: -1.6108
1h: -7.5400
4h: N/A
1D: N/A
🔍 Technical Analysis:
Candlestick Overview: PENDLEUSDT Perp has experienced a significant 9.53% drop, now priced at $2.8062. The asset is under strong selling pressure, moving from a 24h high of $3.1058.
Resistance Levels: $3.10 (24h High), $2.81 (Current Price)
Support Levels: $2.67 (24h Low), $2.60 (Critical Support)
📉 KDJ Analysis:
K Value: 30.1932 – Indicates bearish momentum with potential for further decline.
D Value: 27.1961 – Supports the ongoing bearish trend.
J Value: 36.1873 – Shows volatility but confirms the current bearish trend.
🔍 ICT Analysis:
Order Blocks: Significant resistance is identified around $2.81, where the price is currently facing challenges.
Liquidity Pools: Expect potential price action around $2.70, which may attract additional selling pressure and reinforce the bearish trend.
📰 Fundamental Analysis:
Market Sentiment: PENDLEUSDT is showing strong negative sentiment with a 9.53% drop. Broader market conditions or specific news could be influencing this movement.
Recent Developments: Keep an eye on updates or news that might affect PENDLEUSDT or the broader DeFi market.
🧭 Directional Forecast:
Signal: BEARISH on PENDLEUSDT Perp
Entry Range: $2.80 - $2.85
Target 1: $2.70 (Short-term)
Target 2: $2.60 (Mid-term)
Stop Loss: $2.90 (Above recent resistance)
📊 Trade Insights:
PENDLEUSDT Perp is showing robust bearish signals. Consider shorting near the $2.80 - $2.85 range, targeting $2.70 and $2.60. Set your stop loss above $2.90 to manage potential risks.
⚠️ Risk Warning: Cryptocurrency trading involves significant risks. Manage your risk wisely and stay updated on market conditions.
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