$PENDLE

Liquidation Reference: $2.34544

Market Setup:

PENDLE has seen long liquidation near $2.35, highlighting short-term selling pressure. The key is whether sellers can defend the $2.38–$2.43 resistance area on a rebound. Below that zone, $2.27 becomes the first important support, followed by $2.15.

Entry Zone: $2.38–$2.43

Take Profit:

TP1: $2.27

TP2: $2.15

TP3: $2.05

Stop Loss: $2.50

Invalidation:

A strong breakout and sustained close above $2.50 invalidates the short setup.

My Take:

I prefer entering only after confirmation of rejection near resistance. If price falls sharply before reaching the entry zone, I would avoid chasing and wait for a better setup.

$PENDLE

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