$PENDLE – SHARP REVERSAL AFTER SPIKE
$PENDLE surged to $5.997 but faced an immediate strong rejection, dropping sharply to $5.524 within the same session. The large upper wick and heavy selling volume indicate profit-taking and fading bullish momentum. If the price fails to reclaim $5.75, downside pressure could extend toward $5.40 and $5.20. A break below $5.20 would confirm deeper weakness.
Short Entry: $5.52 – $5.65
Targets: $5.40 / $5.20
Stop Loss: Above $5.80