PENDLE Long Position (Descending Wedge Formation)

Market Context: PENDLE is forming a descending wedge, presenting a strong opportunity to dollar-cost average (DCA) into a spot long position. The setup focuses on key resistance and support levels.

Trade Setup:

Entry: Long trade around $2.50 to $3.00.
Take Profit:
First target: $3.80
Second target: $4.60
Third target: $5.50
Stop Loss: Close below $2.40.
📊 This trade leverages the potential breakout of the descending wedge, with DCA allowing for better risk management and positioning. #PENDLE #CryptoTrading #WedgeFormation