I’m watching $PENDLE closely. It got rejected near $4.15 and is now slipping below $3.91 with weak momentum. The bounce from $3.74 looks weak compared to selling near the highs.

I’m looking to short between $3.90 and $4.02, ideally if it fails to hold $4.00 again.

Targets are $3.78, $3.62, and $3.48. I’ll set my stop loss at $4.16.

Volume dropped near $4.15 and RSI shows bearish signs. If $3.90 breaks clearly, I expect a quick move down to the $3.60s. I plan to take partial profits around $3.78.

If BTC turns strongly bullish, I’ll avoid shorts for now.

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