$PENDLE The order book signals are very clear. Bears dominate—open a short directly!
PENDLE last yesterday saw a large bearish candle that broke through MA7 (1.8098) directly. Today’s rebound back to around MA25 (1.8530) is clearly met with resistance and falls back. The MACD is about to form a dead cross and green histogram bars are starting to appear. The KDJ has turned downward from a high level. The bulls’ rebound is showing clearly reduced volume, lacking confidence. In the recent period, the yield-token sector’s popularity has been declining; funds continue to flow out of overvalued assets. There is heavy sell pressure above 1.85. For downside targets, first look near MA99 (1.6752).
Entry: 1.8257
Stop loss: 1.8600
Take profit: 1.6800
$PENDLE - Short 🔻
Enter from the bottom 👇
PENDLE last yesterday saw a large bearish candle that broke through MA7 (1.8098) directly. Today’s rebound back to around MA25 (1.8530) is clearly met with resistance and falls back. The MACD is about to form a dead cross and green histogram bars are starting to appear. The KDJ has turned downward from a high level. The bulls’ rebound is showing clearly reduced volume, lacking confidence. In the recent period, the yield-token sector’s popularity has been declining; funds continue to flow out of overvalued assets. There is heavy sell pressure above 1.85. For downside targets, first look near MA99 (1.6752).
Entry: 1.8257
Stop loss: 1.8600
Take profit: 1.6800
$PENDLE - Short 🔻
Enter from the bottom 👇
