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$PENDLE 15M Analysis: Smart Money Accumulation or Another Leg Lower Incoming?
⏰ Timeframe Analyzed: 15-Minute (15M)
📊 Market Bias: Bearish
$PENDLE remains under short-term institutional selling pressure after rejecting from the 1.655 local high. The market structure continues to print lower highs and lower lows while price trades below all major moving averages.
🎯 Trade Setup
🔴 Preferred Setup: SHORT on Relief Rally
Entry Zone: 1.540 – 1.552
🛑 Stop Loss: 1.565
🎯 TP1: 1.524
🎯 TP2: 1.510
🎯 TP3: 1.490
📈 Risk : Reward: 1:2 → 1:4
🟢 Alternative LONG Setup
Only valid if buyers reclaim short-term market structure.
Entry Zone: Above 1.555 with confirmation
🛑 Stop Loss: 1.530
🎯 TP1: 1.575
🎯 TP2: 1.600
🎯 TP3: 1.630
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