$PENDLE /USDT – SHARP BEARISH SELL-OFF TO NEW LOWS
Pendle is under heavy selling pressure, dropping -6% today from the high of 5.47 down to fresh intraday lows of 5.10. The chart shows consecutive strong red candles, confirming aggressive bearish momentum. Price is testing a crucial support zone — failure to hold above 5.10 may lead to deeper downside.
Trade Setup (Short-Term):
Entry Zone (Short): 5.12 – 5.20
Take Profit 1: 4.95
Take Profit 2: 4.75
Take Profit 3: 4.50
Stop Loss: 5.35
Market Outlook:
Momentum is clearly bearish in the short-term, with sellers dominating since rejection at 5.40. Bulls need a strong recovery above 5.25 to regain control. If support at 5.10 breaks decisively, continuation toward 4.75–4.50 becomes highly probable.
