$PENDLE saw a solid move toward the $6.25 region, but strong rejection is evident around $6.20โ$6.25, halting further upside. The 1H chart confirms multiple rejection candles and fading bullish strength. Sellers are stepping in aggressively at this zone.
Current Price: $6.02
24H High / Low: $6.25 / $5.75
24H Volume: $206M
Short Trade Plan:
Entry Zone: $6.10 โ $6.20
Final Target: $5.60
Stop Loss: $6.35
Why This Setup Makes Sense:
Repeated failure near resistance with lower highs, declining volume, and bearish RSI divergenceโsuggests short-term downside.
Risk Strategy:
Use tight stop-loss and consider trailing SL after 2% drop.
Take short Trade here on $PENDLE
#PENDLETrade #ShortSignal #BearishSetup #Cr
yptoTrading #yptoTrading #PENDLEUSDT
