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$PENDLE FALSE BOUNCE PATTERN WITH 38% HIT RATE POINTS LOWER ๐ฅ
Entry: 1.5144 ๐ฅ
Target: 1.5028 ๐
Stop Loss: 1.5376 โ ๏ธ
Historically, 38% of PENDLEโs recent reversals started with a false bounce โ and the 15-minute chart is printing the same structure right now. RSI at 38.2 signals exhaustion, while the EMA20 and EMA50 are both aligned against the current price. This gives me 80% confidence the next move is a lower high.
The set-up is clean, but false bounces are designed to trap liquidity. Are we seeing a real reversal or just another sweep before the drop?
Not financial advice. Always manage your risk.
#PENDLE #ShortSetup #FalseBreak #Crypto
๐ฅ
Entry: 1.5144 ๐ฅ
Target: 1.5028 ๐
Stop Loss: 1.5376 โ ๏ธ
Historically, 38% of PENDLEโs recent reversals started with a false bounce โ and the 15-minute chart is printing the same structure right now. RSI at 38.2 signals exhaustion, while the EMA20 and EMA50 are both aligned against the current price. This gives me 80% confidence the next move is a lower high.
The set-up is clean, but false bounces are designed to trap liquidity. Are we seeing a real reversal or just another sweep before the drop?
Not financial advice. Always manage your risk.
#PENDLE #ShortSetup #FalseBreak #Crypto
๐ฅ
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