Signal Alert: $PENDLE /USDT

$PENDLE /USDT is currently in a downward trend, experiencing a significant -16.61% decline in the past 24 hours. The price has dropped from a 24-hour high of $5.856 to a low of $4.648, showing strong bearish momentum. However, the RSI at 41.58 suggests the coin might be nearing oversold territory, indicating a possible bounce or consolidation phase.

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📊 Trade Setup:

Current Price: $4.825

Entry Price (Buy): $4.75 - $4.85

Resistance Levels:

First: $5.23

Second: $5.58

Support Levels:

First: $4.65 (24-hour low)

Second: $4.55

🎯 Take-Profit Targets:

1. TP1: $5.05

2. TP2: $5.23

3. TP3: $5.58

🛡️ Stop-Loss:

Place at $4.50 to mitigate risk.

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⚠️ Cautionary Note: Watch for volume confirmation to ensure stability above key support levels or signs of a breakout towards the resistance zones. Always trade responsibly, and consider market conditions and volatility before entering.

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