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PENDLEUSDT

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.
Long
by CrazyS
PENDLE Long Spot Trade (Bullish Continuation) Market Context: PENDLE, a standout in the Ethereum ecosystem, is maintaining bullish momentum, printing higher lows while holding above the 200-day EMA. These signals point toward a continuation of the uptrend, with a likely retest of prior highs. Trade Setup: Entry Zone: Around $4.50 Take Profit Targets: First target: $6.80 Second target: $9.40 Stop Loss: Daily close below $4.00 This trade focuses on strength in a trending market, with well-defined support and upside targets. Monitor for volume confirmation and any deviations below the 200-day EMA.
Long
by Richtv_official
PENDLEUSDT Is a Major Breakout on the Horizon??Yello, Paradisers! Are you watching #PENDLEUSDT closely? A potential breakout could be just around the corner, but is the bullish momentum strong enough to hold? Let's break it down. 💎#PENDLE Currently eyeing an Inverted Head and Shoulders (IHNS) pattern a classic bullish reversal signal. But remember, it's not confirmed until we see a daily candle close above the key resistance. Only then can we anticipate a significant upward movement, with the price potentially testing our target areas. 💎However, if PENDLE gets rejected at this crucial resistance, the odds favor a retracement back to the demand zone around 4.07. This zone could act as a launchpad for another breakout attempt, keeping the bullish scenario alive. 💎On the flip side, things could get tricky if PENDLE fails to hold that demand zone. A breakdown here opens up the possibility of a drop toward the support at 3.575, an area that has been respected several times in the past. With the right shoulder of the IHNS also sitting in this zone, it's possible we could see a rebound, but for the bulls to stay in control, PENDLE needs to reclaim the 4.07 level and push back toward resistance. 💎If the support at 3.575 fails and a daily candle closes below it, this could confirm a lower low, potentially leading to even more downside action. In this case, the bullish setup would be invalidated, and we could see PENDLE dipping further. If you want to be consistently profitable, you need to be extremely patient and always wait for the best, highest-probability trading opportunities. Stay focused, patient, and disciplined, Paradisers! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
PENDLE Daily - Bullish CHART PATTERN PENDLE has formed a W-Bottom Chart Pattern in the Daily timeframe, which could signal more upside is coming. We're also observing very distinctive higher lows and higher highs; a key sign of a bullish market. The W-Bottom pattern hasn't quite finished playing out, what we now need to see is a successful retest of support at the "neckline" which is currently at $4. What this means in simpler terms, is that the price cannot CLOSE below this, otherwise the pattern is invalidated. We're also observing a BUY signal in the weekly timeframe; a strong indication that bulls are in control for the near future: If the pattern holds, the price is likely heading towards the previous local high of $4.7 _______________________________ BINANCE:PENDLEUSDT
Long
by CryptoCheck-
#PENDLEUSDT #1D (Bybit) Broadening wedge breakout and retestPENDLE regained 50MA daily support then pulled back to it twice, forming a hammer. Looks good for bullish continuation towards 200MA resistance, buckle up! ⚡️⚡️ #PENDLE/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (4.0X) Amount: 5.1% Current Price: 3.5533 Entry Targets: 1) 3.2645 Take-Profit Targets: 1) 4.2309 Stop Targets: 1) 2.9419 Published By: @Zblaba SEED_DONKEYDAN_MARKET_CAP:PENDLE BYBIT:PENDLEUSDT.P #DeFi pendle.fi Risk/Reward= 1:3.0 Expected Profit= +118.4% Possible Loss= -39.5% Estimated Gaintime= 1 month
Long
by TradingOn
PENDLE Long Position (Trend Line Breakout)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 📊 This setup looks promising, focusing on the breakout potential and strong fundamental backing. #PENDLE #Breakout #Crypto
Long
by Richtv_official
PENDLEUSDT is on critical Levels to Watch!Yello, Paradisers! Are you ready to uncover the potential major moves in #PENDLEUSDT? Let's break it down! 💎#PENDLE has successfully reclaimed the demand area, signaling good momentum. We anticipate a test at the 2.318 demand level, which could trigger a rebound and continue the upward movement. If this scenario plays out, we could see a significant rise in price as it tests the strong resistance area. 💎However, if PENDLE fails to rebound and breaks below the demand area again, it may drop to the strong demand zone around 1.58. This area could attract large orders, sparking a strong bullish reversal and a subsequent breakout above resistance. But beware, if PENDLE hits this strong demand and remains sideways, it could be a bad sign. 💎Bullish invalidation occurs if PENDLE breaks key support and closes daily below strong demand. In this case, the price is likely to head further downward and dip. Discipline and patience are crucial in navigating these potential market shifts. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Nathan
3
PENDLEUSDT.1DAnalyzing the PENDLE/USDT chart reveals several technical aspects that offer insights into the current and potential future market movements for Pendle trading against USDT. Here's a detailed breakdown of the chart: Current Price Action: PENDLE is currently priced at $3.924 after a significant downward movement indicated by the day's high and low. The broader view shows a volatile market with fluctuating highs and lows, creating opportunities for both short and long positions. Key Levels on the Chart: Support Levels: S1 at $3.221: This level acts as the nearest support, where buyers historically stepped in to push the price upward. It is crucial to watch this level as a breach below could lead to testing lower supports. Resistance Levels: R1 at $5.431: This level is marked as the first significant resistance where the price has previously faced selling pressure. R2 at $6.994: Representing a more robust resistance level, approaching this would indicate a strong bullish momentum. Technical Indicators: MACD (Moving Average Convergence Divergence): The MACD line is below the signal line, suggesting bearish momentum. The increasing distance and the negative histogram values reinforce this bearish outlook. RSI (Relative Strength Index): The RSI value at 46.66 suggests a neutral to slightly bearish market sentiment. It’s not yet in the oversold region, which would indicate a potential turnaround. Technical Analysis and Trading Strategy: Given the current chart patterns and indicators, the trading strategy would focus on cautious engagement: Buying Strategy: Consider entering long positions if the price stabilizes or bounces strongly off the S1 support at $3.221, with an upward target of R1 at $5.431. Setting a stop-loss slightly below S1 can help mitigate potential losses if the downtrend continues. Selling Strategy: If PENDLE fails to hold the S1 support, or if it approaches R1 without sufficient volume and momentum, consider taking short positions or exiting longs. This strategy would capitalize on resistance rejections or breakdowns below support levels. Risk Management: Due to the volatility seen in the price action, maintaining strict risk management protocols, including stop-losses and position sizing appropriate to the volatility level, is crucial. Conclusion: The market conditions for PENDLE/USDT suggest a bearish short-term outlook but with potential for rebounds at key support levels. Traders should remain vigilant for any signs of a reversal at support levels or a continuation of the bearish trend. Close monitoring of volume changes and further developments in MACD and RSI readings will be essential to adjusting trading strategies accordingly.
by MarsSignals
Trade Setup: PENDLE Spot Long PositionMarket Context: PENDLE has reclaimed the 200-day Simple Moving Average (SMA) on the daily chart, as well as the broken horizontal support, now back in the range. This indicates a potential bullish trend. Trade Parameters: Entry: Enter a trade around the $3.9 support level. Take Profit: First target: $4.5 Second target: $5.2 Third target: $5.8 Stop Loss: Set a stop loss below $3.5. 📊 Monitor the price action for confirmation of support levels and adjust based on market dynamics to optimize the trade setup. #PENDLE #CryptoTrading #TradeSetup 🎯
Long
by Richtv_official
Navigating Market Waves: Bitcoin & PENDLE Analysis📅 Let's dive into today's analysis. The market has formed a small structure, giving us better triggers for taking positions. The coin I want to analyze today is PENDLE, but first, let's look at Bitcoin. 👑 Bitcoin Analysis 🔍 We're analyzing Bitcoin on the 1-hour timeframe, as usual. The conditions haven't changed much from yesterday. The price has made a deep pullback to the broken descending channel. The current short position trigger is 61,273, which, if broken with good volume, can introduce significant bearish momentum into the market. 📊 The volume has decreased during the correction, which is natural and indicates the strength of the bearish trend, suggesting convergence. 📉 For short positions, as mentioned, 61,273 is a suitable trigger. If you miss this trigger, you can use Dow Theory to take a position or wait for the support break at 59,323. 📈 I still do not recommend any long triggers as it doesn't make sense to open long positions with the market having such strong bearish momentum. ✉️ PENDLE Analysis 🔍 Let's move on to PENDLE. This is the first time I'm analyzing this coin on the channel, so I'll explain the project as well. The PENDLE project is a blockchain-based platform within the DeFi space that offers users LP-Tokens with high APRs. These LP-Tokens have expiration dates, and if they are not withdrawn before their expiration, the invested funds are completely lost. This is why the APRs are high, as there is more risk involved. 💎 On the daily timeframe, as you can see, there's a good, clean uptrend that, after reaching the resistance at 7.033, started to correct down to the golden Fibonacci zone of 0.5 to 0.618. It then moved back up to the 7.033 peak, forming an ascending triangle supported by a trendline. Additionally, the SMA 99 is also providing strong support to the price. Since we are both on the trendline and the SMA 99 has reached the price, the likelihood of support from these levels is high, depending on Bitcoin's trend and future developments. 📊 The volume of this coin has started to decrease after reaching the 7.033 resistance, which is natural. However, for a new uptrend to start, the buying volume needs to increase at least to the previous levels. 🛒 For spot purchases, you can buy after breaking the 7.033 resistance, which is the ATH resistance for this coin. I believe risking no more than 0.5-1% on this coin is logical, but considering the potential hype around the project, this risk is reasonable. Personally, I plan to hold a small amount of this coin in my spot portfolio after breaking this resistance. 🎯 The target for this coin in the first stage is the $12 range, and for a bull run or a major move, it could be $23. I suggest waiting for the $23 target as it depends on the project's success and if it becomes as large, popular, and reliable as Uniswap or Pancakeswap. 📉 For futures positions, it's better to move to the 4-hour timeframe to see the triggers more clearly. The long trigger in futures can be 6.21, which is close to the ATH and should be quickly locked in as profit due to the strong supply zone. The 55.92 trigger in RSI can confirm our long position. 📈 For short positions, after breaking the trendline, the 4.841 trigger is suitable. The target can be the daily golden Fibonacci zone, and its confirmation can be the break of 35.76 in RSI. 📝 Conclusion In conclusion, the market has shown a significant bearish movement, especially in Bitcoin, leading to cautious market sentiment. For Bitcoin, short positions remain more favorable due to the strong bearish momentum, with 61,273 as a key trigger. For PENDLE, 8.871 is a crucial short trigger, while long positions should be taken with caution, waiting for a more defined structure and stronger buying signals. Always manage risk and wait for clear triggers before entering positions. 🧠💼 Always remember the inherent risks in futures trading, with the potential for margin calls if risk management is neglected. Stick to strict capital management principles and use stop-loss orders, ensuring an initial target with a risk-to-reward ratio of 2. 🫶 If you found this analysis helpful and want to support me, please boost this analysis. Feel free to leave a comment or suggest a coin you'd like me to analyze next.
Long
by itsparham96
2