📊 $PENDLE /USDT Short Signal 🔻⚠️

🔍 Market Overview

• Current Price: ~$3.33

• Intraday Range: $3.33 – $3.61

• Trend: Bearish momentum with recent breakdown

• Key Resistance: $3.60 (recent high), $3.80 (historical resistance)

• Key Support: $3.20 (recent low), $3.00 (next major zone)

📌 Pendle (PENDLE) has shown bearish momentum after breaking down from a consolidation phase, indicating potential for further downside.

🔴 Entry Option 1: Breakdown Trade 🔓

→ Zone: $3.32–$3.40

→ Close below $3.30 with strong volume

→ MACD bearish crossover

→ RSI below 40

🔴 Entry Option 2: Pullback Trade 🔁

→ Zone: $3.50–$3.55

→ Bearish reversal pattern (shooting star, bearish engulfing)

→ RSI holding below 50

→ Volume uptick near resistance zone

🎯 Targets

• TP1: $3.10

• TP2: $3.00

• TP3: $2.90

🛑 Stop-Loss

• Breakdown SL: Above $3.45

• Pullback SL: Above $3.60

⚠️ Risk Management Tips

→ Risk only 1–2% of your total capital per trade

→ Ensure a minimum 2:1 reward-to-risk ratio before entry

→ Move stop-loss to breakeven once TP1 is hit to protect capital

→ Track BTC/ETH trends for broader market correlation before executing trades

👉 DYOR — Always conduct your own research and consider market conditions before making trading decisions.

✅Buy and Trade here on $PENDLE