Quick update first — my $MSTRB long from about an hour ago hit TP1 at 169.810 (+1.9%).
Volume is 3.6x average on this 1H candle — yet $PENDLE is barely slipping below its EMA20, hinting at a trap rather than a clean reversal. The 1H trend is bearish, RSI sits at 46.3, and the surge in volume gives the SHORT bias extra bite. I’m targeting the next liquidity pool with a modest 3x leverage, but watch the SL; a bounce back above 2.5480 wipes the edge.
Entry: 2.4810 - 2.4910
TP1: 2.4240
TP2: 2.3744
TP3: 2.3248
SL: 2.5480
Will the EMA20 crumble enough to drive $PENDLE deeper into this short zone?
Volume is 3.6x average on this 1H candle — yet $PENDLE is barely slipping below its EMA20, hinting at a trap rather than a clean reversal. The 1H trend is bearish, RSI sits at 46.3, and the surge in volume gives the SHORT bias extra bite. I’m targeting the next liquidity pool with a modest 3x leverage, but watch the SL; a bounce back above 2.5480 wipes the edge.
Entry: 2.4810 - 2.4910
TP1: 2.4240
TP2: 2.3744
TP3: 2.3248
SL: 2.5480
Will the EMA20 crumble enough to drive $PENDLE deeper into this short zone?