$PENDLE just saw a long liquidation of $9.3K at $2.50022 💥. This pullback is healthy, shaking out weak hands before a potential move higher 📈. Corrections like this prevent overextension and give traders a clearer setup for the next leg up.
I’m watching the $2.45–$2.50 zone closely 👀. This area has shown strong previous support and aligns with the 0.618 Fibonacci retracement from the recent swing 🔄. If this level holds, it could act as a solid base for a bounce 🚀.
Trade Setup:
💎 Entry Zone: $2.45–$2.50
🎯 Target 1: $2.62
🎯 Target 2: $2.75
🛑 Stop Loss: $2.40
Strength is building here 💪, and the past reaction from this zone makes it a high-probability area for a reversal 🔄. If price consolidates and holds above $2.50, the path toward $2.75 looks clear 🌟.
