$PENDLE Long Liquidation: $3.0885K at $1.75581
Long traders were caught as PENDLE failed to hold above the key intraday support and reversed lower with steady selling pressure. Buyers expected continuation, but momentum weakened near resistance, triggering stop losses and forcing longs to exit. Liquidity below the range was taken cleanly, shifting short-term control back to sellers.
Entry (EP): $1.765
Take Profit (TP): $1.670
Stop Loss (SL): $1.805
Market Outlook:
$PENDLE is under short-term bearish pressure after losing the liquidation level. If price remains below the $1.75–1.76 zone, further downside or sideways consolidation is likely. Bulls will need a strong reclaim with volume to regain momentum. Trade patiently and manage risk with strict discipline.
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