Market Context: PENDLE is breaking out of a significant trend line resistance, setting up for a potential move to new local highs. Additionally, there is a strong narrative surrounding PENDLE with BTC restaking, further fueling bullish sentiment.
Trade Setup:
Entry: Enter a long trade around $3.3 (throwback to broken resistance). Take Profit: First target: $4 Second target: $4.6 Stop Loss: Below $2.5
đź“Š This setup looks promising, focusing on the breakout potential and strong fundamental backing. #PENDLE #Breakout #Crypto
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