$PENDLE PENDLE/USDT Short Trade Setup 🔻

📉 Entry: $2.288

🎯 Target Levels:

Target 1: $2.200 (Local Support)

Target 2: $2.100 (Key Breakdown Zone)

Target 3: $2.068 (24h Low)

🛑 Stop Loss: $2.350 (Above Recent Rejection)

📌 Key Levels to Watch:

Resistance: $2.410 (24h High)

Support Zones:

$2.200: First Breakdown Area

$2.100: Potential Continuation Zone

$2.068: Major Support (24h Low)

📊 Market Analysis:

PENDLE is showing signs of weakness after a strong rally. A decisive break below $2.200 could trigger further downside. If BTC declines, DeFi tokens like PENDLE may face steeper losses.

⚠️ Risk Management:

Risk-Reward Ratio: 1:2+

Position Sizing: Risk 1-2% per trade

Trailing Stop: Adjust SL to breakeven if price reaches $2.200

💡 Trading Tip:

Watch BTC’s price action—if Bitcoin starts to drop, PENDLE could follow with increased selling pressure. Consider entering after a confirmed break below $2.200 for better risk management.

🚀 Trade wisely, manage your risks!

#PENDLE #PENDLEUSDT #Perp #CryptoTrading #RiskManagement

Disclaimer: This is not financial advice. Conduct your own research before trading.