$PENDLE /USDT.

๐Ÿ“‰ PENDLE/USDT โ€“ 15m Trade Setup (Bearish Trend, Support Watch)

Current Price: $4.369 (โ€“4.06%)

MA60: $4.401 (currently acting as resistance)

Volume: Weakening intrabar (Vol: 258, below MA(5) & MA(10))

24h Range: $4.296 โ€“ $4.715

Structure: Minor support at $4.35 โ†’ key support at $4.30

๐Ÿ”ด Short Breakdown Setup

โœ… Entry:

Short below $4.355

Confirm breakdown with a 15m candle close below $4.35 and volume >1K

๐ŸŽฏ Targets:

TP1: $4.30 (24h low sweep)

TP2: $4.18 (prev demand wick)

TP3: $4.00 (psych level + potential liquidity zone)

๐Ÿ›‘ Stop-Loss:

Above $4.42 (above MA60 and current intraday rejection)

๐ŸŸข Scalp Long Bounce Option

โœ… Entry:

Long between $4.30โ€“4.32 only if bullish reversal pattern shows (e.g., hammer or engulfing with volume >1.2K)

๐ŸŽฏ Targets:

TP1: $4.40 (MA60 reclaim)

TP2: $4.48

TP3: $4.58

๐Ÿ›‘ Stop-Loss:

Below $4.27 (to avoid breakdown continuation)

๐Ÿ“Š Summary Table:

Setup TypeBiasEntry RangeTargetsStop-LossBreakdown ShortBearish<$4.355$4.30 โ†’ $4.18 โ†’ $4.00>$4.42Bounce Long ScalpBullish$4.30โ€“$4.32$4.40 โ†’ $4.48 โ†’ $4.58<$4.27

Would you like follow-up setups if it tests either $4.30 or MA60 again?

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