$PENDLE /USDT BEARISH TRADE SETUP DOWNTREND STILL INTACT 💯 🔥
Market Structure: Price failed to sustain above 5.658 and is now forming lower highs with increasing selling pressure. The rejection from recent highs suggests continuation of the downtrend.
ENTRY LEVEL:
Enter short between 5.42 – 5.45 on a weak bounce.
STOP LOSS:
Above 5.60 to avoid being caught in a sudden reversal.
TARGET POINTS:
TP1: 5.30
TP2: 5.16
TP3: 5.05
TRADE ANALYSIS:
PENDLE is struggling to reclaim resistance zones, and bearish momentum is visible on multiple timeframes. A move towards the 5.05–5.00 support area looks likely if selling continues.