$PENDLE is currently trading around 1.61 USDT, showing active price interaction after a short-term pullback. Over the last 24 hours, price ranged between 1.45 – 1.66, signaling volatility compression after rejection from the highs. The recent dip toward 1.60–1.61 looks like a reaction low, and price is starting to stabilize.
On the 1H timeframe, selling pressure is slowing down. Candles near the lows are getting smaller, and buyers are stepping in around the 1.60–1.61 zone. This suggests a potential short-term base. If momentum builds and the local resistance is reclaimed with volume, a continuation move becomes likely.
Trade Setup
• Entry Zone: 1.60 – 1.62
• Target 1 🎯: 1.66
• Target 2 🎯: 1.72
• Target 3 🎯: 1.80
• Stop Loss: 1.55
Outlook
As long as price holds above the 1.60 support, the structure remains constructive. A clean break and hold above 1.66 could flip market sentiment back to bullish and trigger a stronger continuation toward higher resistance zones. Failure to hold support would invalidate the setup and shift bias back to downside protection.
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