The Narrative – Why $PENDLE Looks Weak Here 📉

🧐 PENDLE – A Perfect Short Play Unfolding? 🧐

The crowd is euphoric as PENDLE pushes past $3.00. But experienced traders know when to fade the hype.

📊 Key Factors at Play:

1️⃣ Heavy Supply Zone – $3.18-$3.20 is packed with sellers. This is where liquidity gets absorbed before the rug-pull.

2️⃣ Breakdown Structure Forming – $3.08 is first support—if that fails, momentum traders will pile in short.

3️⃣ Macro Impact on Alts – FTX repayments + Trump tariffs are pulling liquidity away from speculative plays.

🎯 My Play:

🔻 Entry: $3.18 - $3.20

🔻 Targets: $3.08 → $3.00 → $2.96

🚨 Stop: $3.22 (small risk, big reward)

This is not a perma-bear play. Just a tactical move to capitalize on inefficiencies before reloading for the next cycle. 📉💰

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