$PENDLE /USDT – Rejection at the Top! Short Setup Unfolding! 🚨
Current Price: $4.153 (+8.46%)
PENDLE surged near the $4.32 resistance but faced a clear rejection, leading to bearish candles and potential downside pressure.
Key Resistance Levels:
$4.32 (24H High)
$4.40 (psychological zone)
Key Support Levels:
$4.00
$3.90
$3.76 (24H Low)
Short Trade Setup:
Entry Zone: $4.15 – $4.22
TP1: $4.00
TP2: $3.90
TP3: $3.76
Stop Loss: $4.34
Market Insight:
Sharp rise met immediate selling, forming a top-shadow pattern. Volume is fading, and price is breaking below minor support.
Pro Tip:
Best execution comes after a retest near $4.20–$4.22 with a lower high confirmation. Keep tight SL and trail profits.
Shorters, stay alert – momentum just shifted!
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