🔴 $PENDLE Short Setup — Bearish Continuation in Play
$PENDLE continues to trade below key moving averages, with repeated rejections from overhead resistance confirming seller control. Momentum remains weak, and structure favors further downside continuation unless price reclaims major levels with strength.
🔻 Short Trade Plan — $PENDLE
Entry Zone: $2.05 – $2.15
Stop Loss: $2.35
Targets:
🎯 TP1: $1.70 – $1.64
🎯 TP2: $1.40 – $1.30
📉 Why This Works:
Lower highs, bearish MA alignment, and failed recovery attempts suggest distribution rather than accumulation. As long as price stays capped below resistance, downside liquidity remains the magnet.
⚠️ Trade with discipline, scale out at targets, and manage risk carefully.#PENDLE #FutureTarding #short #WriteToEarnUpgrade #AltcoinSeasonComing?
PENDLEUSDT
دائم
2.3146
+5.65%