#PENDLE/USDT Analysis Description --------------------------------------------------------------- + As depicted in the chart, the price of PENDLE has broken out of the channel after trading within it for approximately a month. + This bearish breakout suggests an imminent phase of price consolidation following a bullish trend that persisted for over a month. + This presents a favorable opportunity to initiate a SHORT trade. + While significant profits may not be attainable in this trade, given the potential for price rebound from one of the support levels, it still represents a respectable opportunity. + I anticipate a price rebound after reaching the support range around 2.6. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 2.9762 Stop Loss: 3.44 ------------------------------ Target 1: 2.827 Target 2: 2.6256 Target 3: 2.4415 Target 4: 2.2552 Target 5: 2.124 Target 6: 1.999 Target 7: 1.619 ------------------------------ Timeframe:1D Capital: 1-2% of trading capital Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas.
Regards VectorAlgo
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Price is slowly moving towards our first target
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Target 1 Reached
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Target 3 reached. Enjoy the profits
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I hope everyone secured the profits. SHORT is over
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