Hello, everyone
$PENDLE
PENDLEUSDT
Perp
1.2082
+0.33%
is also interesting for taking a swing trade. In swing trading, we usually do not use leverage. If you do, a maximum of 3x, more than that I find risky.
I am looking at the following points:
15 minutes in oversold and 1 hour in oversold: a good moment to start positions
Initial stop: below 1.60, a safer point to place the stop loss.
On the 4-hour chart, we have a bullish flag with a chance of breaking upwards.
On the daily, a head and shoulders correcting can be a great entry opportunity.