PENDLE is sitting just below the 0.85 resistance line, eyes on the next swing down. The market has been chewing the recent bullish candle, but the structure is tilting bearish.
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$PENDLE SHORT 📉
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📍 Entry Range: $1.7299 – $1.7333
🛑 Stop Loss: $1.7835 (-3.0%)
🎯 TP1: $1.7056 (+1.5%)
🏆 TP2: $1.6450 (+5.0%)
⚡ R/R Ratio: 1:1.7
📊 Confidence: 64%
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A clear change of character broke the higher high, and the liquidity sweep hammered the 0.84 zone, confirming the breakdown. CVD turned negative as sellers flooded in, while a fresh fair value gap opened right at the broken order block, creating a POI confluence. With the order block and FVG overlapping, the short bias is reinforced.
A 3.0% stop is relatively tight for a swing trade, so 2-3× leverage is prudent.
Take partial profit at the first target around 0.78 once price respects the next minor support.
As always: manage your risk, this is not financial advice 🙏
$PENDLE #PENDLEUSDT #NIL #TradingSignals #Write2Earn