Pendle Long Position Thesis
Emotion & Narrative:
Pendle has experienced a ~50% correction, presenting a strong entry opportunity. I believe Real-World Assets (RWA) will be a key narrative in the upcoming bull cycle, and Pendle is well-positioned to benefit from this trend.
Risk Management:
Entry: $3
Stop Loss: $2.46 (below the long-term trendline from January...
Hi Everyone
I am relatively new to trading, so feedback would be highly appreciated.
Here is a continuation pattern, I used a pole to measure the target price for VET/BTC, this target price hit a resistance level from 2018.
As the trend went upwards into the pattern this should mean that there is a 70% chance of VET/BTC breaking bullish.
