$PENDLE Just Triggered a Short Liquidation at $3.963 — Momentum is Shifting
A short liquidation of $3.532K at $3.963 signals intense pressure on short-sellers. This is not just a number — it's a warning shot for bears. Liquidity is now fueling the upside, and bulls may be ready to take control. Price action around this zone is heating up.
Analysis Zone:
Key Liquidity Zone: $3.85 – $3.97
This is where liquidations are accelerating. It's the battleground between shorts getting wiped out and bulls building strength.
Support Zone: $3.70 – $3.80
As long as price stays above this, buyers hold the advantage.
Breakout Watch: A clean move and hold above $3.97 can open floodgates to the next range.
Long Entry Zone:
Buy Zone: $3.88 – $3.94
This range offers a strong risk-reward setup. Look for consolidation or retest confirmation here.
Target Levels:
1. Target 1: $4.12 – Local resistance; expect some reaction.
2. Target 2: $4.36 – High probability if short squeezes extend.
3. Target 3: $4.65 – If momentum continues, this level could get tagged on hype and liquidations.
Stop-Loss:
Suggested SL: Below $3.79 (depending on entry)
Keep it tight and just under recent structure low to avoid deep drawdown.
Summary:
Shorts are on the run, and the $3.963 liquidation proves it. If bulls defend the $3.88–$3.94 zone, a high-velocity move toward $4.36 is likely. Watch for a retest entry, ride the squeeze, and always protect downside with tight risk management.
