Market Context: PENDLE, a standout in the Ethereum ecosystem, is maintaining bullish momentum, printing higher lows while holding above the 200-day EMA. These signals point toward a continuation of the uptrend, with a likely retest of prior highs.
Trade Setup:
Entry Zone: Around $4.50 Take Profit Targets: First target: $6.80 Second target: $9.40 Stop Loss: Daily close below $4.00
This trade focuses on strength in a trending market, with well-defined support and upside targets. Monitor for volume confirmation and any deviations below the 200-day EMA.