The smart money just trapped a massive wave of $PENDLE longs, and a cascade is brewing.

PENDLE
PENDLEUSDT
1.4905
-10.19%

While 120 whales are fighting a losing battle in longs with an average entry way up at 1.9986 USDT, 70 short whales are sitting comfortably with 80% of them in solid profit. The Notional Long/Short ratio is sitting at a weak 48.18%, signaling that the actual capital weight is heavily distribution-focused. This looks like a classic institutional distribution phase before further downside.

My Execution Plan:

- Entry Idea: 1.6800 - 1.7200 USDT (on minor relief)

- Take Profit: 1.5100 / 1.3800 USDT

- Stop Loss: 1.8100 USDT

- Invalidation: Acceptance back above 1.8500 USDT

If the 1.6500 support cracks, the liquidation of trapped long whales will accelerate the drive downward. Only a reclaim of the 1.8000 level shifts this structure back to neutral.