$PENDLE
$PENDLE 2h Breakdown
- I expect the price action to remain bullish, but a pullback to fill imbalances or grab liquidity down towards 1.448 or 1.370 is possible before a further move up.
- If you want to long, the best entries are on a confirmed reversal in the 1.448–1.370 range. Look for price to sweep a support, then quick recovery—with confirmation such as a bullish pin bar or lower timeframe bullish structure shift. Entry example: If price wicks down to 1.448, wait for a close back above support and/or a bullish engulfing candle.
- Take profit targets for longs: 1.512 (current high), then look for price discovery above (trail stops as new highs form).
- Always place stops at a clear swing low below your entry zone (e.g., just below 1.370 or 1.343, depending on your entry).
- If price instead pushes higher from here, only long on a breakout retest of 1.512 with strong bullish confirmation.
- My bias would shift bearish only if price loses the 1.370–1.343 support cluster with momentum, in which case I would target 1.278 and 1.223 as the next supports.
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#PENDLE
$PENDLE 2h Breakdown
- I expect the price action to remain bullish, but a pullback to fill imbalances or grab liquidity down towards 1.448 or 1.370 is possible before a further move up.
- If you want to long, the best entries are on a confirmed reversal in the 1.448–1.370 range. Look for price to sweep a support, then quick recovery—with confirmation such as a bullish pin bar or lower timeframe bullish structure shift. Entry example: If price wicks down to 1.448, wait for a close back above support and/or a bullish engulfing candle.
- Take profit targets for longs: 1.512 (current high), then look for price discovery above (trail stops as new highs form).
- Always place stops at a clear swing low below your entry zone (e.g., just below 1.370 or 1.343, depending on your entry).
- If price instead pushes higher from here, only long on a breakout retest of 1.512 with strong bullish confirmation.
- My bias would shift bearish only if price loses the 1.370–1.343 support cluster with momentum, in which case I would target 1.278 and 1.223 as the next supports.
🚨 Get free AI trade signals before the move starts.
Join Finora AI → tinyurl.com/FinoraBot
#PENDLE