PENDLE just busted a key swing low, eyes on the downside now. The market’s yawning bearish vibe makes a short look juicy.
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🔴 $PENDLE SHORT 📉
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📍 Entry Range: $2.5567 – $2.5619
🛑 Stop Loss: $2.6361 (-3.0%)
🎯 TP1: $2.5209 (+1.5%)
🏆 TP2: $2.4313 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 64%
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We got a clear change of character as price ripped through the recent swing high, and the order block beneath is holding strong. CVD turned negative confirming the sell pressure, while a fresh fair value gap lines up with the order block for a solid POI. A liquidity sweep just ate the last buy stop, tightening the move.
A 3.0% stop is a bit tight for this swing, so keep leverage around 2‑3x.
Take half profit around the first target as the price hits the next resistance.
Not financial advice — trade only what you can afford to lose 🙏
$PENDLE #PENDLEUSDT #SMC #TradingSignals #Write2Earn
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🔴 $PENDLE SHORT 📉
━━━━━━━━━━━━━━━━━━━━━
📍 Entry Range: $2.5567 – $2.5619
🛑 Stop Loss: $2.6361 (-3.0%)
🎯 TP1: $2.5209 (+1.5%)
🏆 TP2: $2.4313 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 64%
━━━━━━━━━━━━━━━━━━━━━
We got a clear change of character as price ripped through the recent swing high, and the order block beneath is holding strong. CVD turned negative confirming the sell pressure, while a fresh fair value gap lines up with the order block for a solid POI. A liquidity sweep just ate the last buy stop, tightening the move.
A 3.0% stop is a bit tight for this swing, so keep leverage around 2‑3x.
Take half profit around the first target as the price hits the next resistance.
Not financial advice — trade only what you can afford to lose 🙏
$PENDLE #PENDLEUSDT #SMC #TradingSignals #Write2Earn