$PENDLE USDT – TOPPING OUT NEAR $4.68, BEARS READY TO STEP IN?

WICK REJECTION FROM $4.679

BEARISH CANDLE FORMING AFTER EXTENDED MOVE

$PENDLE showed strong bullish momentum but has now hit resistance at $4.679, failing to hold the high. The current 4H red candle forming right after the wick suggests buyer exhaustion and potential reversal.

Volume is dropping while price struggles to push higher — a sign that bulls may be losing strength. If price breaks below $4.569, it could confirm a local top and lead to a deeper pullback.

Trade Setup:

Short Entry: $4.61 – $4.65

Target 1: $4.42

Target 2: $4.28

Stop Loss: $4.71

Bearish bias valid below $4.68. Watch for confirmation if support cracks.

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