$PENDLE
- Preparation for recovery and breaking the range 📈
$PENDLE shows stability after a decline and is forming higher lows from the support area of $2.08–$2.10, indicating that buyers are regaining control. Momentum can build if the price stays above $2.10 and reclaims the $2.16 area.
_Trading Setup_:
- _Entry Area_: $2.10 – $2.14 📍
- _Profit Targets_:
- _Target 1_: $2.18 🚀
- _Target 2_: $2.25 📈
- _Target 3_: $2.35 💥
- _Stop Loss_: $2.04 ⚠️
_Technical Analysis_:
- _Bullish Continuation_: A clean breakout above $2.16 could confirm a bullish continuation towards $2.25–$2.35 🔄.
- _Bullish Momentum_: If the price loses $2.10, we expect consolidation before the next move 🚀.
The currency shows potential for an upward move with a likelihood of a bullish movement 🚀.