$PENDLE is feeling the selling pressure near the 5.50 mark, and now it’s testing the critical 5.40 support zone. The bulls have a chance to rebound from here, and if they do, we could see a push back toward the 5.46–5.50 range.

However, if 5.38 gives way, we could see further downside, with a potential drop toward 5.30.

For those looking to play the action, here’s the setup:

* Entry: 5.40–5.42

* Target 1: 5.46

* Target 2: 5.50

* Stop Loss: Below 5.38

It’s a delicate balance here, so keep a close eye on these levels—this could turn into a profitable opportunity if managed well!

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