PENDLE / TetherUSViés de alta
Pendle techinical analise!!!30% in a few days??
Trade Idea:
PENDLEUSDT is currently in an ascending channel on the daily chart and is at its support level. I've also marked (red arrows) previous instances where the stochastic was oversold while Pendle was at the channel's support. This is a trade I would consider taking now, with a stop loss slightly below $4.78.
For targets:
When might it reach the targets?
Pendle's price action is closely tied to
ETHUSD performance. Based on this correlation, the partial target is estimated to be reached within 7 to 10 days, assuming Ethereum strengthens relative to Bitcoin and that either rises or remains range-bound during this period. This analysis also assumes that 
BTCUSD does not experience significant corrections and stays above $84,000.
PENDLEUSDT is currently in an ascending channel on the daily chart and is at its support level. I've also marked (red arrows) previous instances where the stochastic was oversold while Pendle was at the channel's support. This is a trade I would consider taking now, with a stop loss slightly below $4.78.For targets:
- Conservative traders might aim for a partial take-profit at the previous high of $5.83, with a final target at $7.
- Aggressive traders could look for the entire position to be closed at $7.
When might it reach the targets?
Pendle's price action is closely tied to
ETHUSD performance. Based on this correlation, the partial target is estimated to be reached within 7 to 10 days, assuming Ethereum strengthens relative to Bitcoin and that either rises or remains range-bound during this period. This analysis also assumes that BTCUSD does not experience significant corrections and stays above $84,000.
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