$PENDLE : It’s time to do a SHORT due to exhaustion.
PENDLE shows a clear sign of exhaustion after reaching a peak over the last 24h of 1.9846, with the RSI(6) on the 1h timeframe at 86.76, indicating extreme overextension. The 15m chart shows a breakdown below the MA7, signaling a possible mean reversion toward the MA25 support level.
Entry: 1.9395 – 1.9822
Stop Loss: 2.0615
TP1: 1.830
TP2: 1.725
Click here to trade 👇
PENDLE shows a clear sign of exhaustion after reaching a peak over the last 24h of 1.9846, with the RSI(6) on the 1h timeframe at 86.76, indicating extreme overextension. The 15m chart shows a breakdown below the MA7, signaling a possible mean reversion toward the MA25 support level.
Entry: 1.9395 – 1.9822
Stop Loss: 2.0615
TP1: 1.830
TP2: 1.725
Click here to trade 👇