PENDLE — Bulls Eye the 4.50 Confluence 📈🛡️

[theSignalyst]

PENDLEUSDT pulled back into a key support cluster around $4.50, right where the rising channel’s lower trendline comes in. Structure remains constructive while this zone holds.

If buyers defend $4.50 (and the secondary shelf at $4.00), I’ll look for a rotation toward $5.3–$5.6, then $6.5–$7.0 with the major resistance band at $7.0–$7.5 on deck .
Lose $4.50, and a daily close below $4.00 could open a deeper correction toward $2.35–$2.00 before bulls try again.

What’s your move — bid the confluence at $4.50 with confirmation, or wait for strength back above $5.3?

️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

Stick to your trading plan regarding entries, risk, and management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr