📉 Altcoin $PENDLE — short continuation setup
PENDLEUSDT
Perp
1.5674
-3.87%
📊 Technical analysis
Price remains in a broader bearish structure and continues to trade below the EMA 200, which acts as strong dynamic resistance.
The latest upside move is a corrective pullback into the EMA cluster, lacking strong momentum.
Repeated rejections near the 2.05–2.10 zone confirm seller presence and weak bullish follow-through.
Volume expansion on the push up was limited, supporting a rejection and continuation to the downside.
💡 Technical scenario
🎯 Entry zone: 2.03 – 2.08
🎯 Targets: 1.98 → 1.92
⛔️ Stop-loss: above 2.12
📉 Confirmation required: rejection from EMA 200 / the 2.05–2.10 resistance zone with a 30m close back below 2.00 and no bullish volume expansion.