⚠️ $PENDLE /USDT – Short Trade Setup 📍 Current Price: 5.5
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Updated at: 9 hours ago
{"content":"⚠️ $PENDLE /USDT – Short Trade Setup
📍 Current Price: 5.567
🔎 Market View:
PENDLE just got rejected near the 5.760 resistance, with lower highs forming and volume fading out. The chart is showing exhaustion — downside wicks + weak bullish push hint at sellers gaining ground.
📌 Entry Zone: 5.600 – 5.700 (after a rejection or minor bounce)
🛡 Stop Loss: Above 5.780 (avoid breakout traps)
🎯 Targets:
TP1 → 5.470
TP2 → 5.390
TP3 → 5.280
📊 Why it matters:
A failed breakout attempt + volume divergence + rejection candles = classic bearish reversal setup. Watch for confirmation through a bearish engulfing or a clean drop below 5.540 support.
This setup leans in favor of sellers if momentum keeps fading. Stay sharp and manage risk wisely.
👉 $PENDLE USDT (Perp) trading at 5.5755 (+3.06%)
{spot}(PENDLEUSDT)
#CPIWatch #DeFiGetsGraded #USChinaTensions #MarketTurbulence #HotJulyPPI ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025082025/08/17/96a7a597bbbdfe911c1b7e2575803643.jpg"],"tags":[],"tradingPairs":["PENDLE/USDT"],"quotearticleid":0}