$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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