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$PENDLE Showing signs of a bullish trend consolidation as buying pressure continues to dominate the market. The price structure maintains higher lows, with steady growth in each wave, indicating that the buyers are still in control and the potential for the uptrend to continue is very positive.
Currently, the potential entry zone is identified between 1.62 – 1.66, with a preference for waiting for slight corrections to achieve a better position in line with the main trend.
⛔ Stop loss: 1.55
• Take profit 1: 1.72
• Take profit 2: 1.80
• Take profit 3: 1.90
A suitable strategy in this context is trend-following trading, taking advantage of small corrections to participate, rather than chasing prices during hot market rallies.
As long as the higher lows structure remains intact, the scenario of further upward extension toward higher target levels remains a priority.
Investors should manage their capital carefully and adhere to stop-loss discipline to optimize trading performance.
{spot}(PENDLEUSDT)