$PENDLE /USDT – Rejection and Breakdown Signal Active

PENDLE dropped hard after facing rejection near $3.58, slipping below short-term support with a sharp move down to $3.347. Sellers remain strong as price action prints consecutive red candles.

Current Price: $3.375 (-2.32%)

24H High / Low: $3.583 / $3.347

24H Volume: 6.17M PENDLE | 21.32M USDT

15m Chart Analysis:

Rejection at top near $3.58

Failed to hold mid-range levels around $3.49

Breakdown confirmed with lower lows forming

Trade Idea – Short Setup:

Entry: $3.375 - $3.39

Final Target: $3.20

Stop Loss: $3.46

Why This Setup Works:

Bearish momentum dominates with no strong reversal signs yet. Volume supports the breakdown, and any bounce may face resistance at $3.43–$3.46.

Risk Tip: Consider trailing SL if price dips below $3.30 zone.

Take Short Trade Now on $PENDLE

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