$PENDLE /USDT – Short Setup After Pump! Reversal Ahead? 🚨
Current Price: $4.316
After tagging $4.515 as the local high, $PENDLE is starting to show exhaustion with consecutive lower candles on the 1H chart.
Short Trade Plan:
Entry Zone: $4.32 – $4.38
TP1: $4.10
TP2: $3.90
TP3: $3.75
Stop Loss: $4.55
Market Insight:
Rising wedge breakdown forming
Volume declining while price holds high – bearish divergence
High 24h rejection wick at $4.515 confirms resistance
Pro Tip: Enter only after breakdown retest of $4.30 with volume confirmation for safer risk-reward.
Bulls are tired. Time to ride the correction wave!$PENDLE
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