Technical analysis by EthanTW about Symbol PENDLE: Buy recommendation (1/16/2025)

4h time frame-Entry: $3.9TP: $8.6SL: $3.05RR: 5.41-(1) PENDLE is building a descending wedge which is a standard correction from previous pump(2) Currently stand on a comparable low point(3) Fibonacci provides first target at $8.6 and final target at $12.5(4) Stop loss once going below $3.05