PENDLE target $8.64h time frame
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Entry: $3.9
TP: $8.6
SL: $3.05
RR: 5.41
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(1) PENDLE is building a descending wedge which is a standard correction from previous pump
(2) Currently stand on a comparable low point
(3) Fibonacci provides first target at $8.6 and final target at $12.5
(4) Stop loss once going below $3.05
Pendleanalysis
PENDLEUSDT Long Setup Setting / Spot TradeBINANCE:RDNTUSDT
📈Which side you pick?
Bull or Bear
Low-risk status: 3x-4x Leverage
Mid-risk status: 5x-8x Leverage
(For beginners, I suggest low risk status)
👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
➡️Entry Area:
Yellow zone
⚡️TP:
7.41
8.08
8.70
9.42
🔴SL:
5.579
🧐The Alternate scenario:
If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.