$PENDLE Short Liquidation Alert.
Massive short liquidation of $1,069.9K detected at $2.917. This signals potential bullish momentum as short sellers are forced to cover their positions.
$PENDLE Technical Analysis
Buy Zone:
Aggressive Entry: $2.85 – $2.92
Safe Entry: $2.75 – $2.82
Target Levels:
Target 1: $3.05
Target 2: $3.20
Target 3: $3.50
Stop Loss:
Conservative: $2.72
Aggressive: $2.65
Market Outlook: With significant short liquidations happening, the price could see a strong upward push. If it sustains above $2.92, a breakout towards $3.20 or higher is likely. However, failure to hold above support levels could result in a retracement.