⚠️ $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
#PENDLE #BTCWhaleMovement #cryptouniverseofficial #SwingTradingStrategy #Write2Earn