$PENDLE / USDT — Downward Momentum

PENDLE is trading around 1.72 after a strong breakdown from the 1.90–1.95 supply zone. The chart shows clear lower highs and lower lows on the 1H timeframe, confirming bearish continuation as selling pressure remains dominant.

Direction: Short

Entry Zone:

1.72 – 1.78

Targets:

TP1: 1.68

TP2: 1.62

TP3: 1.55

Stop Loss:

Above 1.86

Bearish bias remains valid while price stays below the 1.85–1.90 resistance area. Any corrective bounce toward this zone is likely to face selling pressure, with continuation expected toward lower demand levels if downside momentum holds.

PENDLE

1.699

-10.72%