⚠️ $PENDLE /USDT – Sharp Rejection After Strong Pump! 🔻
📌 Current Price: $4.093
📊 Market Structure:
Price surged from $3.80 to $4.20 but quickly rejected at the top. A bearish engulfing candle just formed on the 15m chart—indicating a short-term trend reversal may be underway.
📉 Trade Setup (Scalp Short):
Entry Zone: $4.09 – $4.13
Target 1: $3.98
Target 2: $3.87
Stop Loss: $4.22
📌 Resistance: $4.201
📌 Support: $3.803
💡 Pro Tip: Wait for price to close below $4.07 for confirmation. Rejections near $4.13 offer great risk-to-reward opportunities for intraday shorts.
🔻 Momentum fading—profit-taking in progress. Ideal scalp setup for active traders watching breakdown confirmation!
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