$PENDLE Falls into Shadows…
$PENDLE is showing strong bearish momentum on the 4-hour chart, breaking support and forming lower highs and lower lows. The price is currently struggling around $3.97, having previously dipped below $4.32.
Short Entry Zone: $3.97-$4.05
Stop Loss: $4.15
Target 1: $3.78
Target 2: $3.60
Target 3: $3.42 (Final Target)
Selling pressure is taking hold as bulls fail to hold the key area.
Watch for a weak bounce off $4.00 to safely enter a short position.
Risk Level: Medium
Trend: Bearish Continuation
Strategy: Enter on minor pullbacks, with a trailing stop after TP1