$PENDLE /USDT – Sharp Rejection After Rally! Bearish or Just a Dip? ⚠️📉

$PENDLE is now trading at $4.114, down -6.22%, after facing rejection near the $4.558 mark. The 4H chart shows a clear breakdown below the MA(7) and MA(25), with price now testing the MA(99) zone ($4.210) as support. The steep drop from recent highs signals that momentum has shifted — at least temporarily.

🔍 Chart Insights:

24H High: $4.551 | 24H Low: $4.057

Key Moving Averages:

• MA(7): $4.352

• MA(25): $4.224

• MA(99): $4.210

Price broke below all three MAs = short-term trend reversal risk

📊 Trading Guide:

Rebound Scenario (If MA(99) support holds):

Entry: $4.08 – $4.15

TP1: $4.30

TP2: $4.44

TP3: $4.55

Stop Loss: $3.96

Bearish Scenario (If breakdown continues):

Entry (short): $4.15 – $4.20

TP1: $3.95

TP2: $3.80

Stop Loss: $4.32

📈 Watch how price behaves around the $4.05–$4.10 range. Strong bounce = possible recovery. Breakdown = deeper correction ahead.

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