$PENDLE 🔥💯🚀

/USDT based on the current data:

📊 $PENDLE /USDT Technical Trade Setup

🕒 Date: June 23, 2025 | Timeframe: 4H

🔹 Current Price: $3.31

🔻 24h Change: -5.67%

🔺 24h High: $3.512

🔻 24h Low: $3.101

📉 Trend: Bearish (short-term correction after extended upside)

📌 Key Technical Highlights:

EMA (20/50): Bearish crossover confirmed, indicating short-term selling pressure.

Bollinger Bands: Price breaking below mid-band, near lower band = continuation of downtrend likely.

Volume: Increasing on red candles → indicates strong selling interest.

Support Zones: $3.10 and $2.95

Resistance Levels: $3.38 and $3.51

🎯 Trade Setup (Short-term Swing)

Entry Zone: $3.25 – $3.32

Stop-Loss: $3.55 (above last swing high)

Signal: 🔻 Bearish Bias (Watch for confirmation on break below $3.10)

✅ Target Levels:

Target 1: $3.10

Target 2: $2.95

Target 3: $2.78

⚠️ Risk Note:

Breakout above $3.55 may invalidate the setup. Use proper risk management and position sizing. Monitor BTC correlation and DeFi sentiment.

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