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PENDLEUSDT trade ideas

PENDLEUSDT → Resistance retest. One step away from distributionBINANCE:PENDLEUSDT is preparing for distribution after a prolonged consolidation. The price is testing a key resistance level, which, if broken, will trigger a rally... The coin is breaking through the flat resistance and consolidating above the upper border of the range. The key level is 4.400. If the bulls hold their ground above this level, the growth may continue. Bitcoin is showing bullish dynamics, which supports the altcoin market. The bullish trend may continue in altcoins as well. Pendle may move from consolidation to distribution. Resistance levels: 4.32, 4.400 Support levels: 4.024, 3.622 If the coin manages to consolidate above the key resistance level, thereby confirming the breakout, the price may move to aggressive growth. In this case, the target could be 4.800. Best regards, R. Linda!
Long
by RLinda
4
Pendle New ATH, Resistance & Support —Highest Ever Within MonthsWatch the same price range alternate between resistance and support, the blue line/space on the chart. There is also a long-term double-bottom and the Adam & Eve formation, all together in the same chart. This paints a picture of a changing cycle. The recovery from the A&E is quite strong. From the 11-March low we have two long months of painful recovery, slow and steady growth. But PendleUSDT now trades above resistance/support. The chart is self-explanatory, once on the bullish zone, PENDLEUSDT can grow. This is the situation now. Resistance was conquered 9-May. The proceeding days it was tested as support and holds. We can expect some consolidation above this level and then boom! A strong advance hitting new highs. Pendle is set to hit its highest prices ever in 2025 and then some more. $11 and $16 are the main targets. Thank you for reading. Namaste.
Long
by MasterAnanda
PENDLE – Bullish Continuation?After months of consolidation, PENDLE appears ready to break out of its weekly range. RSI breakout: Momentum has finally pushed through a long-term descending trendline — a potential shift in trend strength. Technical structure: Clear higher lows, repeated resistance tests — bulls may be gaining control. Key Fibonacci levels: 0.618 reclaimed ($5.12), Next potential targets: $6.50 – $10.19 (1.618 extension), Higher extensions: $15.24 and $20.30 if bullish momentum continues. If this breakout confirms with a strong weekly close, PENDLE could enter a new trend phase and aim for price discovery.
Long
by Itsmrluke
PENDLE/USDT Technical Analysis – April 9, 2025🔍 Market Structure & Price Action PENDLE has recently bounced from a significant demand zone around the $2.00–$2.20 area, highlighted by the thick blue box at the bottom of the chart. This area has acted as strong support in the past and shows renewed buying interest, evident from the bullish reversal and increased volume around mid-March. Price action suggests the formation of a potential reversal structure, with the most recent swing low marking a possible higher low compared to the previous downtrend. The chart shows multiple black horizontal lines representing historical support/resistance zones. 🧠 My Perspective & Additional Insight This chart suggests an early-stage reversal with bullish momentum building. The fact that price bounced cleanly from a macro support zone and is attempting to break above key EMAs strengthens the bullish bias. With this head&shoulder should give to the price a real boost! However, volume confirmation will be critical—look for a breakout above $3.25 with strong buying volume to confirm the move. If planning to enter: Entry: On reclaim of $3.20 with volume. Stop Loss: Below $2.60 (or tighter depending on risk). Targets: $4.25 → $5.42 → $7.50. Patience is key. If price consolidates above EMAs, the bullish structure will remain intact. Good trading :-)
Long
by EdoardoTelve
#PENDLE: Unlocking Yield Tokenization in DeFi**Description**: This trading idea focuses on **PENDLE**, a DeFi protocol that introduces yield tokenization, allowing users to separate and trade future yield from underlying assets. By enabling a secondary market for yield-bearing tokens, **PENDLE** provides investors with new opportunities for maximizing returns and managing risk exposure in decentralized finance. With the growing demand for innovative yield strategies, **PENDLE** has positioned itself as a key player in the evolving DeFi landscape, attracting liquidity and institutional interest. Despite its potential, the cryptocurrency market remains highly volatile, with factors such as regulatory developments, macroeconomic conditions, and investor sentiment influencing price movements. As always, a cautious approach and proper risk management are essential when trading **PENDLE** or any digital asset. **Disclaimer**: This trading idea is for educational purposes only and should not be considered financial advice. Trading cryptocurrencies like **PENDLE** carries significant risk, including the possibility of losing your entire investment. Always conduct thorough research, assess your financial situation, and consult with a financial advisor before making any investment decisions. Past performance is not indicative of future results.
Long
by MoonTradingForecast
PENDLEUSDT CHART ANALYSİS - EDUCATIONAL POSTThe NFT Concept You may already know that each unit of value in a blockchain is called a token. In an open blockchain, all tokens are equal and interchangeable. For example, one bitcoin can be easily replaced with another, and nothing will change. Non-fungible tokens are a game-changer, which work differently. An NFT is a digital asset that cannot be replaced with another token without changing the value and basis of the object. Like cryptocurrency, NFTs are created on a blockchain, which acts as a database to record all transactions. The blockchain guarantees the uniqueness, safety, and anonymity of non-fungible tokens. Thanks to this system, any user can verify the originality and transparency of the history of a particular NFT through the blockchain. When you buy an NFT token, you are obtaining a certificate for a digital or real object. However, the work itself doesn’t move anywhere. You only use its digitized file or a certificate of ownership. Once created or purchased, the token sits in perpetual storage. This certificate is just lines of code that confirm it is the token owner who has the original copy of the object. An NFT token can be compared to a painting, which may belong to a gallery, museum, or individual, but the audience can see it in a catalog or exhibition. NFT tokens are sold in online marketplaces that operate like Amazon. The creators put them on marketplaces and wait for bids from buyers. An NFT token can be created by you or by anyone for that matter. To do this, you need to take a digital object (picture, music, photo, etc.), register in a particular marketplace on a platform such as Rarible or OpenSea, and upload the object with a description and price. You will have to pay a fee for creating a blockchain entry on many platforms. However, the costs pay off in most cases, as NFTs are #1 in the crypto world today.
by EngineeringRobo
UNIVERS OF SIGNALS| Deep Search: In-Depth Of PENDLEIn this analysis, I want to fully analyze and review the Pendle project for you. First, we will read about the project's fundamentals and then perform a technical analysis. ◽️What is Pendle? ▪️Pendle is a decentralized finance (DeFi) protocol that enables the tokenization and trading of future yield. It introduces an innovative financial infrastructure that allows users to separate and trade the ownership of principal assets and their yield independently. This enables users to execute advanced yield strategies and provides more flexibility in managing yield-bearing assets. 🗝Key Components of Pendle 1. Yield Tokenization: Pendle allows users to wrap yield-bearing tokens into SY (Standardized Yield Tokens), making them compatible with Pendle's AMM. ◽️These SY tokens are then split into two components: ▪️PT (Principal Token): Represents the principal value of the asset. ▪️YT (Yield Token): Represents the future yield generated by the asset. This process allows for the separation of principal and yield, enabling users to trade them separately. 2. Pendle AMM (Automated Market Maker) ▪️Pendle's unique AMM is designed to support assets that experience time decay, allowing for efficient trading of PTs and YTs. Users do not need to fully understand the AMM mechanism to trade on Pendle. 3. vePENDLE Governance Model ▪️Pendle incorporates a vePENDLE model (vote-escrowed PENDLE), which enables users to participate in governance, directing incentives within the ecosystem and optimizing their yield strategies. ◽️Use Cases of Pendle ▪️Pendle's protocol enables a variety of financial strategies, including: 1) Fixed Yield Investments: Users can lock in fixed returns by selling their YT and holding PT. 2) Long Yield Positions: Users can buy YT, speculating that yields will increase. 3) Enhanced Yield Without Additional Risk: Providing liquidity in Pendle's pools can generate additional yield. 4) DeFi Yield Optimization: Combining different strategies to maximize yield opportunities. ◽️ Pendle Token Unlock and Allocation ▪️Unlocked Tokens: 283.33M PENDLE (92.14%) ▪️Locked Tokens: 24.17M PENDLE (7.86%) ◽️There are no large upcoming unlock events, but scheduled unlocks will occur gradually. 🔓Unlock Schedule ▪️From February 17, 2025, onward, small daily unlocks will take place, each unlocking around 9,750 - 9,980 PENDLE worth approximately $35,000 USD per batch. ◽️Token Allocation Breakdown ▪️Liquidity Incentives: 37% ▪️Team: 22% ▪️Private Round: 15% ▪️Ecosystem Fund (Allocated): 9% ▪️Ecosystem Fund (Unallocated): 9% ▪️Liquidity Bootstrapping Pool: 7% ▪️Advisors: 1% ▪️Vesting Schedule ◽️Team Tokens: 1-year cliff, then linear unlock over 1 year (50.98M PENDLE). ◽️Private Round: Linear unlock over 1 year after TGE (34.76M PENDLE). ◽️Ecosystem Fund: Unlocked in batches (20.86M PENDLE). ◽️Liquidity Bootstrapping Pool: 100% unlocked at TGE (16.22M PENDLE). ◽️Advisors: Linear unlock over 1 year (2.32M PENDLE). ◽️Untracked Tokens: 106.59M PENDLE (46%) – may be unlocked at any time. ◽️Pendle Wallet Compatibility ◾️Pendle is supported by various hardware, software, and extension wallets, including: ▪️Hardware Wallets: Ledger Nano X, Ledger Nano S, Trezor Model One, Trezor Model T, Ledger Stax. ▪️ Extensions: MetaMask, Enkrypt. ▪️ Software Wallets: GUARDIA, Atomic Wallet, Trust Wallet, MyCrypto. ▪️ Network Compatibility: ERC-20. ◽️Key Events & Developments ✅ Launch of Pendle Protocol – Established the foundation for yield tokenization and trading. ✅ Security Audits & Enhancements – Ongoing improvements for protocol security. ✅ Partnerships & Integrations – Expanding utility within the DeFi ecosystem. ✅ Exchange Listings – Increased accessibility and liquidity. ✅ New Pool Launches – Expanding yield opportunities. ✅ Community Growth & Governance – Active participation in decision-making. ◽️ Private Round (Ended on April 16, 2021) ▪️Funds Raised: $3.7 million ▪️Token Price: $0.1394 per PENDLE ▪️Pre-Valuation: $35 million ▪️Notable Investors: Alliance and 14 other investors ◽️Token Generation Event (TGE) & Public Listing (April 28, 2021) ▪️Price on Listing: $1.01 per PENDLE ◽️Reliable platforms for creating liquidity pools for Pendle: ▪️Uniswap ▪️Balancer ▪️Camelot ▪️LFJ ▪️Thena ▪️Pendle Finance Reliable platforms for staking: ▪️Pendle Finance ▪️Magpiexyz ▪️Stake Dao ◽️Pendle TVL Analysis ▪️The Total Value Locked (TVL) in Pendle has shown significant growth over time, with notable fluctuations. Throughout 2024 and early 2025, the TVL followed an uptrend, peaking around mid-2024, experiencing a dip, and then recovering to new highs in early 2025. 📈 Current TVL & Percentage Change ▪️TVL on September 27, 2024: 801.26K ETH ▪️TVL on February 16, 2025: 1.91M ETH ◽️Pendle's TVL has more than doubled (+138.4%) in the last 5 months. after a temporary decline in late 2024, the platform has experienced a sharp rebound, reaching a new peak in early 2025. The TVL surge indicates higher participation and liquidity influx into Pendle, possibly driven by increased staking, new integrations, or higher user engagement in yield strategies.The TVL surge indicates higher participation and liquidity influx into Pendle, possibly driven by increased staking, new integrations, or higher user engagement in yield strategies. ◽️Analysis of On-Chain Data for Pendle ▪️The volume of Pendle tokens currently held at a loss within the price range of $3.61 to $3.71 is approximately 100 million PENDLE, indicating a significant resistance level. In contrast, the volume of tokens in profit is relatively low, suggesting that resistance is stronger than support at this stage. ▪️The volume of large transactions has exhibited a slight increase alongside price growth, signaling increased market activity. Additionally, network activity, including the number of active and new addresses, has also seen a minor uptick. ▪️Currently, 69% of all PENDLE tokens are held by whales, meaning that their movements have a substantial impact on market trends. ▪️Examining the wallet activity of large holders, we observe positive inflows, which is a bullish signal. However, network whales (addresses holding between 1 million and 100 million PENDLE) have started selling as prices increased, indicating some profit-taking behavior. ▪️Meanwhile, addresses holding less than 1 million PENDLE have increased their buying activity, contributing to sustained price growth. This suggests that retail investors and smaller holders are absorbing the supply offloaded by larger holders, helping to maintain upward momentum. ✅ Now that we have reviewed the project, let's move on to the technical analysis of this coin, which will be done in weekly, daily, and four-hour timeframes. 📅 Weekly Timeframe In the weekly timeframe, we are observing an ascending trend that started from a base of $0.561 and continued up to a peak of $6.720, providing very good profits to its holders. 🔍 After the price reached this resistance, a ranging box formed between $2.385 and $6.720, where the bottom of the box coincides with the 0.382 Fibonacci area. This support has so far managed to support the price several times, each time sending the price back towards the top of the box. ✨ Currently, the price has hit this support with a very high volume and has formed a good supportive candle. Now we have to see if this support can again push the price upwards or if it will be broken. The RSI is also below 50, and if it sets lower highs and lows, it could continue its downward trend, bringing bearish momentum into the market. 🚀 On the other hand, if it can come back above this area 50 and stabilize, we can hope that the price will move upwards and bullish momentum will enter the market. If we want to use the Fibonacci tool for the target of this project for this move, you can see that the 1 Fibonacci area is at $31.90, which is almost 10 times more than the current market price. 📊 This means that Pendle would reach a market cap of $5 billion, making it a very successful project and placing it among the top 30 coins in the coin market cap. So if you think this project can be among the first 30 coins and have a $5 billion market cap, you can continue to hold until this target is reached. 💥 However, if the support at $2.385 breaks, the next important support areas are at the 0.618 and 0 Fibonacci levels, which overlap with $1.412 and $0.941, respectively. 📅 Daily Timeframe In the daily timeframe, you can see the price range box with more details. As you see, in the last downward leg, the price reached $2.589 and was supported by a good candle from this area, and currently, it has reached $3.678, which is an important daily resistance. If the price can stabilize above this area, we can expect the price to move towards the top of the box again. 📈 But consider that during this upward movement that the price has had from $2.589, the volume has been decreasing, which indicates the weakness of the trend. Also, for a long position, the RSI has an important area at 52.16, which is a very important resistance, and if the break of this area overlaps with the break of $3.678, we can have a confirmation of the entry of momentum and a good position. ⚡️ the important thing is that buying volume must also enter the market, and the candle that breaks this resistance must be with good buying volume. For a short position, the situation is very clear; the support at $2.589 is a very good area, and if it overlaps with the break of 30 in the RSI, it turns into a very good trigger, and I suggest that you do not miss this position if the conditions are met. ⏳ 4-Hour Timeframe In the four-hour timeframe, we can specify the futures trading triggers so that we can also perform futures trading with them. 🔼 For a long position, our situation is very clear. As you see in the daily timeframe, there is a very good ceiling above the price, which in the four-hour timeframe is at $3.763, and if this area breaks, we can open a risky long position. The main long position is if the break of $4.364 happens. 📉 But keep in mind that as I mentioned, the decreasing volume and the divergence with the upward trend can indicate the weakness of the upward trend. So, as a result, if the ascending trendline breaks and the trigger at $3.319 is activated, I personally try to have a short position on PENDLE. 🧩 Because the volume has a divergence with the upward trend, and if the selling volume increases after the break of this area and downward momentum enters, the price can move at least to the area of $2.2748, which is actually a very important support and will be the main trigger for short. The break of 45.48 in the RSI gives us a very good confirmation for the short position. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by UNIVERSOFSIGNALS
TradeCityPro | Deep Search: In-Depth Of PENDLE👋 Welcome to TradeCityPro! In this analysis, I want to fully analyze and review the Pendle project for you. First, we will read about the project's fundamentals and then perform a technical analysis. ◽️What is Pendle? ▪️Pendle is a decentralized finance (DeFi) protocol that enables the tokenization and trading of future yield. It introduces an innovative financial infrastructure that allows users to separate and trade the ownership of principal assets and their yield independently. This enables users to execute advanced yield strategies and provides more flexibility in managing yield-bearing assets. 🗝Key Components of Pendle 1. Yield Tokenization: Pendle allows users to wrap yield-bearing tokens into SY (Standardized Yield Tokens), making them compatible with Pendle's AMM. ◽️These SY tokens are then split into two components: ▪️PT (Principal Token): Represents the principal value of the asset. ▪️YT (Yield Token): Represents the future yield generated by the asset. This process allows for the separation of principal and yield, enabling users to trade them separately. 2. Pendle AMM (Automated Market Maker) ▪️Pendle's unique AMM is designed to support assets that experience time decay, allowing for efficient trading of PTs and YTs. Users do not need to fully understand the AMM mechanism to trade on Pendle. 3. vePENDLE Governance Model ▪️Pendle incorporates a vePENDLE model (vote-escrowed PENDLE), which enables users to participate in governance, directing incentives within the ecosystem and optimizing their yield strategies. ◽️Use Cases of Pendle ▪️Pendle's protocol enables a variety of financial strategies, including: 1) Fixed Yield Investments: Users can lock in fixed returns by selling their YT and holding PT. 2) Long Yield Positions: Users can buy YT, speculating that yields will increase. 3) Enhanced Yield Without Additional Risk: Providing liquidity in Pendle's pools can generate additional yield. 4) DeFi Yield Optimization: Combining different strategies to maximize yield opportunities. ◽️ Pendle Token Unlock and Allocation ▪️Unlocked Tokens: 283.33M PENDLE (92.14%) ▪️Locked Tokens: 24.17M PENDLE (7.86%) ◽️There are no large upcoming unlock events, but scheduled unlocks will occur gradually. 🔓Unlock Schedule ▪️From February 17, 2025, onward, small daily unlocks will take place, each unlocking around 9,750 - 9,980 PENDLE worth approximately $35,000 USD per batch. ◽️Token Allocation Breakdown ▪️Liquidity Incentives: 37% ▪️Team: 22% ▪️Private Round: 15% ▪️Ecosystem Fund (Allocated): 9% ▪️Ecosystem Fund (Unallocated): 9% ▪️Liquidity Bootstrapping Pool: 7% ▪️Advisors: 1% ▪️Vesting Schedule ◽️Team Tokens: 1-year cliff, then linear unlock over 1 year (50.98M PENDLE). ◽️Private Round: Linear unlock over 1 year after TGE (34.76M PENDLE). ◽️Ecosystem Fund: Unlocked in batches (20.86M PENDLE). ◽️Liquidity Bootstrapping Pool: 100% unlocked at TGE (16.22M PENDLE). ◽️Advisors: Linear unlock over 1 year (2.32M PENDLE). ◽️Untracked Tokens: 106.59M PENDLE (46%) – may be unlocked at any time. ◽️Pendle Wallet Compatibility ◾️Pendle is supported by various hardware, software, and extension wallets, including: ▪️Hardware Wallets: Ledger Nano X, Ledger Nano S, Trezor Model One, Trezor Model T, Ledger Stax. ▪️ Extensions: MetaMask, Enkrypt. ▪️ Software Wallets: GUARDIA, Atomic Wallet, Trust Wallet, MyCrypto. ▪️ Network Compatibility: ERC-20. ◽️Key Events & Developments ✅ Launch of Pendle Protocol – Established the foundation for yield tokenization and trading. ✅ Security Audits & Enhancements – Ongoing improvements for protocol security. ✅ Partnerships & Integrations – Expanding utility within the DeFi ecosystem. ✅ Exchange Listings – Increased accessibility and liquidity. ✅ New Pool Launches – Expanding yield opportunities. ✅ Community Growth & Governance – Active participation in decision-making. ◽️ Private Round (Ended on April 16, 2021) ▪️Funds Raised: $3.7 million ▪️Token Price: $0.1394 per PENDLE ▪️Pre-Valuation: $35 million ▪️Notable Investors: Alliance and 14 other investors ◽️Token Generation Event (TGE) & Public Listing (April 28, 2021) ▪️Price on Listing: $1.01 per PENDLE ◽️Reliable platforms for creating liquidity pools for Pendle: ▪️Uniswap ▪️Balancer ▪️Camelot ▪️LFJ ▪️Thena ▪️Pendle Finance Reliable platforms for staking: ▪️Pendle Finance ▪️Magpiexyz ▪️Stake Dao ◽️Pendle TVL Analysis ▪️The Total Value Locked (TVL) in Pendle has shown significant growth over time, with notable fluctuations. Throughout 2024 and early 2025, the TVL followed an uptrend, peaking around mid-2024, experiencing a dip, and then recovering to new highs in early 2025. 📈 Current TVL & Percentage Change ▪️TVL on September 27, 2024: 801.26K ETH ▪️TVL on February 16, 2025: 1.91M ETH ◽️Pendle's TVL has more than doubled (+138.4%) in the last 5 months. after a temporary decline in late 2024, the platform has experienced a sharp rebound, reaching a new peak in early 2025. The TVL surge indicates higher participation and liquidity influx into Pendle, possibly driven by increased staking, new integrations, or higher user engagement in yield strategies.The TVL surge indicates higher participation and liquidity influx into Pendle, possibly driven by increased staking, new integrations, or higher user engagement in yield strategies. ◽️Analysis of On-Chain Data for Pendle ▪️The volume of Pendle tokens currently held at a loss within the price range of $3.61 to $3.71 is approximately 100 million PENDLE, indicating a significant resistance level. In contrast, the volume of tokens in profit is relatively low, suggesting that resistance is stronger than support at this stage. ▪️The volume of large transactions has exhibited a slight increase alongside price growth, signaling increased market activity. Additionally, network activity, including the number of active and new addresses, has also seen a minor uptick. ▪️Currently, 69% of all PENDLE tokens are held by whales, meaning that their movements have a substantial impact on market trends. ▪️Examining the wallet activity of large holders, we observe positive inflows, which is a bullish signal. However, network whales (addresses holding between 1 million and 100 million PENDLE) have started selling as prices increased, indicating some profit-taking behavior. ▪️Meanwhile, addresses holding less than 1 million PENDLE have increased their buying activity, contributing to sustained price growth. This suggests that retail investors and smaller holders are absorbing the supply offloaded by larger holders, helping to maintain upward momentum. ✅ Now that we have reviewed the project, let's move on to the technical analysis of this coin, which will be done in weekly, daily, and four-hour timeframes. 📅 Weekly Timeframe In the weekly timeframe, we are observing an ascending trend that started from a base of $0.561 and continued up to a peak of $6.720, providing very good profits to its holders. 🔍 After the price reached this resistance, a ranging box formed between $2.385 and $6.720, where the bottom of the box coincides with the 0.382 Fibonacci area. This support has so far managed to support the price several times, each time sending the price back towards the top of the box. ✨ Currently, the price has hit this support with a very high volume and has formed a good supportive candle. Now we have to see if this support can again push the price upwards or if it will be broken. The RSI is also below 50, and if it sets lower highs and lows, it could continue its downward trend, bringing bearish momentum into the market. 🚀 On the other hand, if it can come back above this area 50 and stabilize, we can hope that the price will move upwards and bullish momentum will enter the market. If we want to use the Fibonacci tool for the target of this project for this move, you can see that the 1 Fibonacci area is at $31.90, which is almost 10 times more than the current market price. 📊 This means that Pendle would reach a market cap of $5 billion, making it a very successful project and placing it among the top 30 coins in the coin market cap. So if you think this project can be among the first 30 coins and have a $5 billion market cap, you can continue to hold until this target is reached. 💥 However, if the support at $2.385 breaks, the next important support areas are at the 0.618 and 0 Fibonacci levels, which overlap with $1.412 and $0.941, respectively. 📅 Daily Timeframe In the daily timeframe, you can see the price range box with more details. As you see, in the last downward leg, the price reached $2.589 and was supported by a good candle from this area, and currently, it has reached $3.678, which is an important daily resistance. If the price can stabilize above this area, we can expect the price to move towards the top of the box again. 📈 But consider that during this upward movement that the price has had from $2.589, the volume has been decreasing, which indicates the weakness of the trend. Also, for a long position, the RSI has an important area at 52.16, which is a very important resistance, and if the break of this area overlaps with the break of $3.678, we can have a confirmation of the entry of momentum and a good position. ⚡️ the important thing is that buying volume must also enter the market, and the candle that breaks this resistance must be with good buying volume. For a short position, the situation is very clear; the support at $2.589 is a very good area, and if it overlaps with the break of 30 in the RSI, it turns into a very good trigger, and I suggest that you do not miss this position if the conditions are met. ⏳ 4-Hour Timeframe In the four-hour timeframe, we can specify the futures trading triggers so that we can also perform futures trading with them. 🔼 For a long position, our situation is very clear. As you see in the daily timeframe, there is a very good ceiling above the price, which in the four-hour timeframe is at $3.763, and if this area breaks, we can open a risky long position. The main long position is if the break of $4.364 happens. 📉 But keep in mind that as I mentioned, the decreasing volume and the divergence with the upward trend can indicate the weakness of the upward trend. So, as a result, if the ascending trendline breaks and the trigger at $3.319 is activated, I personally try to have a short position on PENDLE. 🧩 Because the volume has a divergence with the upward trend, and if the selling volume increases after the break of this area and downward momentum enters, the price can move at least to the area of $2.2748, which is actually a very important support and will be the main trigger for short. The break of 45.48 in the RSI gives us a very good confirmation for the short position. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
6