The Smart Short Play on $PENDLE

$PENDLE is showing clear signs of exhaustion near its 24H high of $2.925 a textbook setup for a calculated short. We've seen price rejection around this zone, signaling a potential reversal.

📊 Key Levels to Watch:

🔹 Resistance: $2.90 – $2.925

🔹 Support: $2.82 / $2.75

🔹 24H Range: $2.453 – $2.925

🎯 Short Setup:

🔻 Entry Zone: $2.87 – $2.89

✅ Confirmation: A 15M close below $2.85 with rising sell volume.

💰 Profit Targets:

🔸 TP1: $2.82 (First flush)

🔸 TP2: $2.75 (Breakdown continuation)

🔸 TP3: $2.68 (Deep retrace opportunity)

❌ Stop Loss: $2.935 to protect against a squeeze.

Momentum is shifting weakness is creeping in. Staying ahead of the game means spotting these setups before the herd catches on. Risk management is key—let’s execute smartly.

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