📉 $PENDLE is sliding towards the shadow...
PENDLE shows strong bearish momentum on the 4-hour timeframe, with a clear break of support and the formation of lower highs and lows. The price is struggling below $3.97 after a strong rejection from $4.32.
🔻 Short Trade Setup – SHORT
• Entry Zone: 3.97 – 4.05
• Stop Loss: 4.15
🎯 TP1: 3.78
🎯 TP2: 3.60
🎯 TP3: 3.42
📊 Market Analysis:
• Ongoing selling pressure
• Clear weakness in upward attempts
• Strong bearish structure
💡 Strategy:
Enter on a weak rebound towards $4.00 for the best risk/reward. Monitor volume and price action before confirmation.
📢 Follow the analyses continuously on channel #CryptoEmad