$PENDLE still looks LONG despite the heat. The 4H chart is very strong: price is above MA7 / MA30 / MA200, momentum is expanding, volume is rising, and bulls are pressing straight into the 1.44 - 1.45 resistance area. On 15m, this is not distribution — it looks like tight consolidation near highs, which is usually how strong trends continue. The risk is obvious: 4H RSI is overheated, and Pendle has had TVL / revenue pressure in the broader cycle, so this is a momentum long, not a sleepy hold. But with Pendle still owning a core DeFi yield-trading narrative and live futures liquidity, I still lean continuation.

Bias: Long

Entry: 1.428 - 1.442

SL: 1.392

TP1: 1.465

TP2: 1.510

TP3: 1.575

If bulls keep price pinned above 1.40 and break 1.45 cleanly, this can squeeze harder than late shorts expect. $PENDLE #Pendle #DeFi #YieldTrading #Futures