Technical analysis by TheSignalyst about Symbol PENDLE: Buy recommendation (11/26/2025)

📉PENDLE has been bearish for weeks, sliding inside a clean falling channel. But price is now reacting from a major support zone, the same area that initiated previous strong rallies earlier this year. ⚔️As long as this blue support zone holds, we will be looking for long setups, expecting a corrective move toward the upper bound of the falling channel. The first confirmation from the bulls will come after a break above the pink structure zone - the last lower high inside the correction. Once that level is reclaimed, momentum could shift upward, opening the way for a larger move toward the supply zone around 5.00. For now, PENDLE is positioned at a potential turning point… will the support zone spark the next bullish correction? 🤔 ⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly. 📚 Stick to your trading plan regarding entries, risk, and management. Good luck! 🍀 All Strategies Are Good; If Managed Properly! ~Richard Nasr