🔥
$PENDLE still grinding sideways with that bearish vibe from the downtrend, but some stuff starting to look promising.
The volume and flow numbers are getting my attention lately. Lately the price has been dipping with volume drying up big time (down to like 1.5M from those earlier peaks around 3.6M) — feels like the sellers are running out of steam. Then bam, that quick 3.94% spike on way bigger volume (~15M). That kinda screams accumulation to me, you know?
*Capital flow:
Perp/contract funds are seeing steady outflows across all timeframes: -848k in the last 24h, -5.48M over 7 days — leveraged traders are closing positions. On the flip side, spot funds are showing net inflows of +2.48M over the past week. That classic divergence between spot buying and contract unwinding often signals a reversal is coming. Smart money seems to be quietly stacking at these levels.
*My take & setup
$PENDLE : cautiously going long for a tactical bounce.
- Entry: Right here around 1.82–1.83, or wait for a retest of the 1.70–1.75 support zone. Oversold conditions + those spot inflows make this a decent contrarian spot.
- Stop-loss: 1.6500 USDT, just below the recent swing low.
- Targets
$PENDLE : First take-profit at R1 resistance 1.9020, then next resistance at 2.0925. I'll take partials at R1 and trail the rest.
Keeping your leverage low because the market's still choppy.
#PENDLE #PENDLEUSDT