$PENDLE /USDT – Breakdown in motion! Short-term trade is active! 🚨
Current price: $4.131 (+6.63%)
PENDLE has reached resistance at $4.32 and is currently showing a clear downward rejection with the formation of lower highs.
Key resistance levels:
$4.32 (local maximum)
$4.40
Key support levels:
$4.00
$3.90
$3.78 (24-hour minimum)
Short trade setup:
Entry zone: $4.13 – $4.20
TP1: $4.00
TP2: $3.90
TP3: $3.78
Stop-loss: $4.35
Market analysis:
Bearish engulfing candle on the 30-minute chart, with fading momentum and decreasing volume after the peak. A break below $4.10 could accelerate the decline.
Professional tip:
Enter short positions on minor bounces with confirmation; do not chase. Use trailing stops as the price approaches support.
Bears, your window is open – strike with precision!
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