#PENDLE Long Liquidation Alert
PENDLE just saw a $2.4864K LONG liquidation at $2.1197, meaning leveraged buyers were forced to close as price moved lower.
This kind of long flush typically reflects short-term bearish pressure and a cleanup of overleveraged positions. Key takeaways:
Below $2.12: Failure to reclaim this level quickly can invite further downside or a brief consolidation as the market looks for stronger demand.
Reclaim & Hold: If buyers step in and price reclaims the liquidation level with volume, this sweep can act as a reset, opening the door for a bounce.
Context Matters: Watch volume and funding—stabilization after a long liquidation often precedes a sharper reaction.
Overall, leverage has been cleared at this zone. The next move depends on whether buyers
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