PENDLE / TetherUS
Panjang

Pendle Long Position

83
Pendle Long Position Thesis

Emotion & Narrative:
Pendle has experienced a ~50% correction, presenting a strong entry opportunity. I believe Real-World Assets (RWA) will be a key narrative in the upcoming bull cycle, and Pendle is well-positioned to benefit from this trend.

Risk Management:

Entry: $3
Stop Loss: $2.46 (below the long-term trendline from January 2024)
Risk-to-Reward Ratio: 12
Take Profit: $9.8 (just below the psychological resistance at $10)
Leverage:
No leverage on this trade. The potential upside is substantial, and I prefer to minimize unnecessary risk.

Technical Analysis:

Support Bounce: Pendle has rebounded off a key support level on the weekly timeframe.
RSI Divergence: Hidden bullish RSI divergence is visible on the weekly chart.
Stoch RSI: Currently in oversold territory on the weekly timeframe.
MACD: Showing early signs of recovery this week (not yet confirmed).
Inverse Head & Shoulders: If Pendle reaches ~$7, it would confirm a bullish inverse Head and Shoulders pattern, with a projected target of $12. I plan to take out 80-90% of my position before this level to front-run the market.
Bearish View: Pendle remains in a downtrend and must close above $3.75 to confirm a trend reversal. If this happens, I will deploy more capital into the trade.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.