š„ $PENDLE /USDT ā Reversal Long Setup
$PENDLE is finding a floor after the recent dip, tapping a strong demand zone. Selling pressure is fading, and buyers are stepping in ā perfect conditions for a bounce. The chart shows a falling wedge compression, signaling a potential breakout and sharp upside move.
ā” Trade Plan:
⢠Entry Zone: 1.08 ā 1.11
⢠Stop Loss: 1.04
⢠Take Profit:
ā⢠TP1: 1.17
ā⢠TP2: 1.25
ā⢠TP3: 1.37
š§ Why this setup:
⢠Price hitting major demand ā buying exhaustion
⢠Falling wedge suggests high probability breakout
⢠Scaled targets for disciplined gains
⢠Liquidity cluster near 1.40 supports continuation
ā Notes:
⢠Wait for clean entry within the zone
⢠Protect capital with SL
⢠Momentum can spike quickly on breakout
Trade $PENDLE here šš
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