#PENDLEUSDT
UPDATE
Hey all friends and traders. Hope you are enjoying our analysis. we are here to analyze PENDLE today.
PENDLE is getting good volume in 8H time frame.
Expecting 50%+ profit so far🚀
Pendle is one of the stronger coins currently on the crypto market. We can see that we have had a pretty long consolidation where whales were accumulating coins. Of course they want to make money, so they sent the coin to the upside. We can see that the uptrend is starting to be parabolic, which is very good because you can make a lot of money in a short period of...
An upward structure can be seen on the chart. The previous roof is broken well and we have had a successful pullback. By maintaining the green range, it can move towards the targets.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any...
Pendle has been the best performer during the bear and early bull markets. TVL has grown and gained much traction as it offers an interesting product. However, is the current valuation reasonable? Its current Mcap is at 112M, and the circulating supply is about 42%.
At its recent peak, PENDLE was up 5000% from its ATL and still hasn't surpassed its ATH. Don't be...
