đš $PENDLE is forming a classic bull trap. Do NOT buy the current bounce! đš
After rejecting 2.100, the 15m structure is clearly bearish. Smart money is waiting for a liquidity sweep below 2.040 to trap early longs before the real reversal.
Here is the high-probability sniper setup:
đŻ The Setup (LONG)
đč Entry Zone: 2.035 â 2.045 (Sniper demand zone).
đč Stop Loss: 2.015 (Structural invalidation).
đč Take Profits:
âą TP1: 2.100
âą TP2: 2.136
âą TP3: 2.220
đč Leverage: 5x - 10x MAX (High volatility).
đč R:R: 1:2.4 to TP1, 1:7 to TP3.
đ The Logic:
The order book shows a massive 60.84% buy wall defending the bid. The bearish momentum from the 2.136 rejection is fading. The play is to wait for a fakeout wick down to 2.035 to sweep retail stops, then enter on the 15m reversal confirmation (bullish engulfing + volume spike).
â ïž Trap Alert: If 2.015 breaks on the 1H close, this setup is dead. Cut losses immediately.
After rejecting 2.100, the 15m structure is clearly bearish. Smart money is waiting for a liquidity sweep below 2.040 to trap early longs before the real reversal.
Here is the high-probability sniper setup:
đŻ The Setup (LONG)
đč Entry Zone: 2.035 â 2.045 (Sniper demand zone).
đč Stop Loss: 2.015 (Structural invalidation).
đč Take Profits:
âą TP1: 2.100
âą TP2: 2.136
âą TP3: 2.220
đč Leverage: 5x - 10x MAX (High volatility).
đč R:R: 1:2.4 to TP1, 1:7 to TP3.
đ The Logic:
The order book shows a massive 60.84% buy wall defending the bid. The bearish momentum from the 2.136 rejection is fading. The play is to wait for a fakeout wick down to 2.035 to sweep retail stops, then enter on the 15m reversal confirmation (bullish engulfing + volume spike).
â ïž Trap Alert: If 2.015 breaks on the 1H close, this setup is dead. Cut losses immediately.