$PENDLE has been showing signs of weakening momentum after its recent move higher. A short trade is more attractive only if sellers take control through a confirmed breakdown.
Sell Setup
Entry: Wait for a 1-hour candle to close below the nearest support or for a clear rejection from resistance.
Stop-Loss: Above the most recent 1-hour swing high.
Take Profit 1: Previous intraday support.
Take Profit 2: Next major support zone.
Take Profit 3: Leave a portion of the position open if bearish momentum continues.
Trade Filters
✅ Enter only if trading volume increases on the breakdown.
❌ Avoid shorting if Bitcoin is breaking higher, as it can lift altcoins and invalidate the bearish setup.
$PENDLE #PENDLE