$PENDLE is breaking above the $1.31-$1.33 resistance zone after forming a strong higher-low base from the $1.18 swing low. Buyers have accelerated the trend with consecutive bullish candles, and RSI is above 75, signaling sustained momentum as price retests the recent $1.391 high.
Setup:
Entry: $1.35 - $1.38
Target 1: $1.40
Target 2: $1.46
Target 3: $1.55
Stop-loss: $1.29
A decisive close above $1.391 would confirm the breakout and increase the probability of another impulsive move higher. As long as the $1.31 breakout zone holds as support, the bullish market structure remains intact, with rising volume providing the strongest confirmation for continuation.
Trade #PENDLE here
$TAC $RE
Setup:
Entry: $1.35 - $1.38
Target 1: $1.40
Target 2: $1.46
Target 3: $1.55
Stop-loss: $1.29
A decisive close above $1.391 would confirm the breakout and increase the probability of another impulsive move higher. As long as the $1.31 breakout zone holds as support, the bullish market structure remains intact, with rising volume providing the strongest confirmation for continuation.
Trade #PENDLE here
$TAC $RE