đ¨ Crypto Master Alerts đ¨Â
PENDLEUSDT Perp â September 4, 2024
Current Price: $2.8062 (-9.53%)Â
Mark Price: $2.8076
Timeframes:
15m: -1.6108Â
1h: -7.5400Â
4h: N/AÂ
1D: N/AÂ
đ Technical Analysis:
Candlestick Overview: PENDLEUSDT Perp has experienced a significant 9.53% drop, now priced at $2.8062. The asset is under strong selling pressure, moving from a 24h high of $3.1058.Â
Resistance Levels: $3.10 (24h High), $2.81 (Current Price)Â
Support Levels: $2.67 (24h Low), $2.60 (Critical Support)
đ KDJ Analysis:
K Value: 30.1932 â Indicates bearish momentum with potential for further decline.Â
D Value: 27.1961 â Supports the ongoing bearish trend.Â
J Value: 36.1873 â Shows volatility but confirms the current bearish trend.
đ ICT Analysis:
Order Blocks: Significant resistance is identified around $2.81, where the price is currently facing challenges.Â
Liquidity Pools: Expect potential price action around $2.70, which may attract additional selling pressure and reinforce the bearish trend.
đ° Fundamental Analysis:Â
Market Sentiment: PENDLEUSDT is showing strong negative sentiment with a 9.53% drop. Broader market conditions or specific news could be influencing this movement.Â
Recent Developments: Keep an eye on updates or news that might affect PENDLEUSDT or the broader DeFi market.
đ§ Directional Forecast:Â
Signal: BEARISH on PENDLEUSDT PerpÂ
Entry Range: $2.80 - $2.85Â
Target 1: $2.70 (Short-term)Â
Target 2: $2.60 (Mid-term)Â
Stop Loss: $2.90 (Above recent resistance)
đ Trade Insights:
PENDLEUSDT Perp is showing robust bearish signals. Consider shorting near the $2.80 - $2.85 range, targeting $2.70 and $2.60. Set your stop loss above $2.90 to manage potential risks.
â ď¸ Risk Warning: Cryptocurrency trading involves significant risks. Manage your risk wisely and stay updated on market conditions.
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