$PENDLE /USDT BEARISH STRUCTURE CONFIRMED

REJECTION FROM $4.15 ZONE

CONSISTENT LOWER HIGHS IN FORMATION

SUPPORT AROUND $3.60 IS WEAKENING

$PENDLE has dropped steadily after failing to hold above $4.15. Despite brief bounce attempts, sellers remain in control. The price is now compressing near $3.648, just above a key support at $3.59 — signaling the risk of a breakdown.

🔴 SHORT TRADE SETUP

Entry Zone: $3.64 – $3.70

Take Profit (TP): $3.50 / $3.32

Stop Loss (SL): $3.85

Market Outlook:

Momentum is firmly bearish. A close below $3.59 could accelerate the drop, with no visible reversal patterns yet on this timeframe.

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