🔴 PENDLEUSDT — FUTURES SHORT (1H SCALP, conditional)
Entry Zone: $1.880-$1.898
SL: $1.910
TP1: $1.845
TP2: $1.822
TP3: $1.800
R:R: 1:2.10 to TP1, 1:3.19 to TP2, 1:4.24 to TP3 (midpoint $1.889)
TF: 1H SCALP
This is a conditional setup, awaiting confirmation — not a market entry at the current price around $1.86. PENDLE ran up to a double 1H top at $1.898, got rejected there twice, and has since printed falling closes at $1.889, $1.872, $1.871 and $1.853, with the 4H candle also closing well below that $1.898 high.
Why I like this one: the top is being rejected, not followed through. If price retests the $1.880-$1.898 zone and gets rejected again, the move back toward $1.845, then $1.822 and $1.800, the pre-run levels, makes sense. If it does not retest, there is no trade here.
Invalidation: a 1H close above $1.898, the double-top high. SL is $1.910, just beyond it.
Analysis Only — Not Financial Advice (NFA). Trading involves risk.
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