$PENDLE /USDT – BEARS PRESSURE SUPPORT, DOWNSIDE RISK AHEAD! ⚠️
$PENDLE has been sliding from 5.487 and recently touched a low of 5.085, before struggling to recover back to 5.114. The weak bounce and declining price action show that bulls are losing strength, while red volume spikes highlight sustained selling pressure.
If PENDLE fails to hold above 5.08, the next leg lower could target the 5.00 – 4.95 support zone. Any attempt to recover is likely to face resistance around 5.24 – 5.33, where sellers remain active.
Bearish Trade Setup
🔹 Entry: 5.11 – 5.15
🎯 Target 1: 5.05
🎯 Target 2: 5.00
🎯 Target 3: 4.95
🛡 Stop Loss: Above 5.25
📉 Outlook: Sellers remain in control, and unless PENDLE reclaims higher levels, the risk of another drop toward the 5.00 psychological zone remains high.
