PENDLE target $8.64h time frame
-
Entry: $3.9
TP: $8.6
SL: $3.05
RR: 5.41
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(1) PENDLE is building a descending wedge which is a standard correction from previous pump
(2) Currently stand on a comparable low point
(3) Fibonacci provides first target at $8.6 and final target at $12.5
(4) Stop loss once going below $3.05
Pendleanalysis
PENDLEUSDT Long Setup Setting / Spot TradeBINANCE:RDNTUSDT  
 
 📈Which side you pick? 
Bull     or      Bear
 Low-risk status: 3x-4x Leverage
Mid-risk status: 5x-8x Leverage
(For beginners, I suggest low risk status) 
 👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate.
 
 ➡️Entry Area:
 Yellow zone
 ⚡️TP: 
7.41
8.08
8.70
9.42
 🔴SL: 
5.579
 🧐The Alternate scenario: 
 If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.

