Technical analysis by Xeeshan79 about Symbol PENDLE: Buy recommendation (12/14/2024)

The PENDLEUSD chart shows a descending triangle breakout on the 30-minute timeframe. Key levels to watch:Entry Point: Near the breakout zone, confirming bullish momentum.Stop Loss: Set below the triangle support at 5.7452 for risk management.Take Profit: Targeting 6.3628, aligning with the next resistance level.This setup features a strong risk-to-reward ratio, ideal for capitalizing on a potential trend reversal. Monitor closely for confirmation of upward movement.