Quick Update on $PENDLE trade
Watching the market now, $PENDLE is attempting a short-term rebound after a prolonged selloff from the 2.15–2.20 supply zone. Price is reacting from the 1.98–2.00 demand area, but structure remains corrective as it trades below key EMAs. Strength is still required to confirm a real recovery.
Trade plan
Entry: 1.98 – 2.03
Tg1: 2.10
Tg2: 2.18
Tg3: 2.28
Stop: 1.92
Bullish condition
Holding above the 2.00 demand zone and reclaiming 2.10 with acceptance can trigger a technical bounce toward higher resistance levels.
Alternate plan (breakout)
Entry: Above 2.20 (strong close & hold)
Tg1: 2.30
Tg2: 2.45
Tg3: 2.65
Stop: 2.05
Bullish condition
A clean reclaim and sustained hold above 2.20 flips structure bullish and opens continuation toward the upper range.
Bearish invalidation
A breakdown and sustained close below 1.92 invalidates the setup and exposes downside toward the 1.85–1.75 zone.
