PENDLE - Is there a trade opportunity here ?

#PENDLE/USDT Analysis
Description
---------------------------------------------------------------
+ As depicted in the chart, the price of PENDLE has broken out of the channel after trading within it for approximately a month.
+ This bearish breakout suggests an imminent phase of price consolidation following a bullish trend that persisted for over a month.
+ This presents a favorable opportunity to initiate a SHORT trade.
+ While significant profits may not be attainable in this trade, given the potential for price rebound from one of the support levels, it still represents a respectable opportunity.
+ I anticipate a price rebound after reaching the support range around 2.6.
---------------------------------------------------------------
VectorAlgo Trade Details
------------------------------
Entry Price: 2.9762
Stop Loss: 3.44
------------------------------
Target 1: 2.827
Target 2: 2.6256
Target 3: 2.4415
Target 4: 2.2552
Target 5: 2.124
Target 6: 1.999
Target 7: 1.619
------------------------------
Timeframe:1D
Capital: 1-2% of trading capital
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Agree or Disagree with the ideas ? lets discuss in the comments.
Like and follow us for more ideas.

Regards
VectorAlgo

Bình luận:

Price is slowly moving towards our first target

Bình luận:

Target 1 Reached

Bình luận:

Target 3 reached. Enjoy the profits

Bình luận:

I hope everyone secured the profits. SHORT is over