$PENDLE /USDT BEARISH OUTLOOK
INTRODUCTION
PENDLE
1.968
-6.24%
is facing rejection near a key resistance level and selling pressure is increasing on lower timeframes. Weak buying strength and fading volume suggest that price may continue to correct from the local high.
TRADE SETUP (SHORT POSITION)
Entry Zone:
2.45 – 2.52
Targets:
TP1: 2.34
TP2: 2.26
TP3: 2.15
Stop Loss:
2.60
MARKET OUTLOOK
If price fails to hold above the resistance zone, further downside toward the lower support range is expected. Any rejection with weak bounce confirms bearish continuation.
Invalidation:
A strong break and close above 2.60 will cancel the bearish view.
HASHTAGS
