$PENDLE UPDATE
Massive Short Liquidation: $1.5999K at $4.377
The bears just got rekt! A massive short liquidation at $4.377 has triggered a bullish spark. Here's why this matters and what YOU can do next:
Market Psychology
This liquidation signals panic from short sellers—smart money just hunted them down. When this happens, price often continues upward as momentum builds.
$PENDLE Technical Analysis (Organic & Unbiased)
Current Price Range: Around $4.40
Buy Zone: $4.10 – $4.30
Entry on slight retracement to this zone is ideal after liquidation pump. Look for bullish candle confirmations.
Target 1: $4.65
Target 2: $5.12
Target 3 (Moon Target): $5.75 – Psychological breakout level
Stop Loss: $3.89 (Below key structure support and invalidation of current bullish scenario)
Why It Matters
Short liquidations create demand pressure.
Trendline breakout seen on 4H chart (check for confirmation).
Volume spike + liquidation = explosive potential.
My Take:
This isn’t just a bounce. This could be the start of a wave. If bulls hold the $4.10–$4.30 zone, expect fire in the next few sessions.
