Pendle crypto has seen a remarkable performance in the past month. But will the trend continue as whales trim their exposure?
Looking into key market re-entry points as whales trimmed their exposure.extended its October recovery and hit a new monthly high of $5.13, tapping 43% in the past 30 trading days.
As such, it made sense to go long on the asset rather than shorting it. There were two possible long scenarios. A crack below $4 would invalidate the long position; hence, a stop loss could be placed just below it.Although the recent uptrend was strong, as denoted by a 43 reading from the ADX , whales’ actions called for caution.
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