$PENDLE /USDT — DOUBLE TOP SHORT SETUP
PENDLE is showing signs of a potential bearish reversal after forming a Double Top near resistance.
The 4H RSI is also showing bearish divergence, suggesting momentum may be weakening despite the previous Higher Highs and Higher Lows.
🔻 Trade Execution:
Sell Stop: $2.52
The short setup activates only after a confirmed breakdown below the neckline/previous Higher Low.
🎯 TP1: Previous support zone
🎯 TP2: Next major support
🛑 SL: Above the Double Top resistance
If the neckline breaks with strong volume, the bullish structure could weaken and open the door for a deeper pullback.
⚠️ Wait for confirmation rather than entering before the breakdown.$NIL $MUBARAK
PENDLE is showing signs of a potential bearish reversal after forming a Double Top near resistance.
The 4H RSI is also showing bearish divergence, suggesting momentum may be weakening despite the previous Higher Highs and Higher Lows.
🔻 Trade Execution:
Sell Stop: $2.52
The short setup activates only after a confirmed breakdown below the neckline/previous Higher Low.
🎯 TP1: Previous support zone
🎯 TP2: Next major support
🛑 SL: Above the Double Top resistance
If the neckline breaks with strong volume, the bullish structure could weaken and open the door for a deeper pullback.
⚠️ Wait for confirmation rather than entering before the breakdown.$NIL $MUBARAK
