$PENDLE /USDC BULLISH CONTINUATION WITH STRUCTURE HOLDING
PENDLE is forming a higher-low structure after a moderate pullback, maintaining support above key levels. Price action indicates accumulation, with buyers defending structure and preparing for a potential continuation toward recent highs.
Parabolic SAR beneath price and short-term moving averages in bullish alignment confirm upward trend support. Volume shows absorption during dips and expansion on upward moves, signaling weakening selling pressure and readiness for the next bullish leg.
Volatility contraction near recent highs suggests energy is building for a breakout. Sustained support strengthens the probability of continuation toward higher resistance zones.
LONG SETUP
Entry Zone: Pullback into short-term support / consolidation base
Stop Loss: Below the higher low and structure invalidation
Targets:
TP1 – Retest of recent swing high
TP2 – Breakout into next resistance zone
TP3 – Measured move projection from prior impulse leg
Bullish continuation remains favored while structure holds and upward momentum expands. A break below support shifts bias toward range-bound behavior.
RISK MANAGEMENT
Risk 1–2% per trade. Take partial profits at TP1 and trail stop to secure gains. Focus on structured pullback entries and avoid chasing extended candles.
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