⚠️ $PENDLE

/TRY BEARISH SETUP – STRUGGLING AT RESISTANCE ZONE

$PENDLE/TRY is showing signs of fatigue after a modest +1.62% push. Despite briefly reaching a 24h high of 134.7, price action is stalling near resistance with weakening buying momentum. A break below 129.0 could trigger a stronger downside move.

🔑 Key Levels

Resistance: 134.70 – 138.80

Support: 129.00 (immediate), then 128.40

Current Price: 132.10

📊 Trade Setup (Short):

Entry Zone: 132.00 – 133.50

Take Profit 1: 129.00

Take Profit 2: 126.50

Stop Loss: 136.50

💡 Short Market Outlook:

Price is hovering just below a resistance cluster (133.60–134.70), and volume appears to be fading on the latest push. MA(10) is flattening, suggesting loss of bullish momentum. If sellers take out 129.00, a quick drop toward the 126.50 zone is likely. No strong bullish signals are visible currently.

⚠️ Risk Management:

Limit position size to 2–3% of your portfolio

Use a stop-loss at 136.50 to protect against upside spikes

Watch volume closely: if it picks up on red candles, it may confirm bearish pressure

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