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

4h time frame - Entry: $3.9 TP: $8.6 SL: $3.05 RR: 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