PENDLE is setting up for a short with a 94% confidence level, offering a 1:1.7 risk to reward ratio. Current market conditions are aligned for a potential downturn.

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🔴 $PENDLE SHORT 📉
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📍 Entry Range: $1.4060 – $1.4088
🛑 Stop Loss: $1.4496 (-3.0%)
🎯 TP1: $1.3863 (+1.5%)
🏆 TP2: $1.3370 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 94%
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The CHoCH signal has fired, indicating a break in market structure, while CVD confirms the direction with increasing volume. FVG and OB are also present, with a liquidity sweep and POI confluence at the overlap of OB and FVG, forming a solid foundation for this trade setup.

A 3.0% stop loss seems reasonable, fitting for a trade with this level of confidence, and may be suitable for a 2x to 3x leverage position.

Considering taking partial profit at TP1 to lock in some gains and adjust the position size accordingly, allowing for further upside potential while managing risk.

Not financial advice — always manage your own risk 🙏

$PENDLE #PENDLEUSDT #grubmarketfilesconfidentiallyforusipo #TradingSignals #Write2Earn