PENDLE/USDT | Potential Bounce from Demand Zone
Updated
This trade idea for PENDLE/USDT on the 4-hour timeframe highlights a possible bullish opportunity. The price is approaching a strong order block (OB) zone around $4.89–$4.75, indicating potential demand. The setup includes:
This setup is based on bullish price action and demand zone dynamics. As always, ensure proper risk management and adapt based on market behavior. Comments and feedback are welcome!
- Entry in the order block for optimal positioning.
- Stop-loss placed below the $4.7559 level to mitigate risk.
- Targeting $5.5648 as the initial take-profit zone, aligning with prior resistance levels.
This setup is based on bullish price action and demand zone dynamics. As always, ensure proper risk management and adapt based on market behavior. Comments and feedback are welcome!
Trade closed: stop reached
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