Technical analysis by SILICIDE about Symbol PENDLE: Buy recommendation (8/4/2025)

PENDLEUSDT is currently trading within an upward channel. Yesterday, the price pulled back to the channel support and formed a bullish engulfing candle, indicating potential continuation of the uptrend. A move toward the channel resistance appears likely. A long trade can be considered with a stop-loss at 3.5.book partially and wait if the resistance brokes ?Resistance broke likely to go near 7The Day candle should close above the trendline to validate the breakup of this résistance level.