🚨 Crypto Master Alerts 🚨 

PENDLEUSDT Perp – September 4, 2024

Current Price: $2.8062 (-9.53%) 

Mark Price: $2.8076

Timeframes:

15m: -1.6108 

1h: -7.5400 

4h: N/A 

1D: N/A 

🔍 Technical Analysis:

Candlestick Overview: PENDLEUSDT Perp has experienced a significant 9.53% drop, now priced at $2.8062. The asset is under strong selling pressure, moving from a 24h high of $3.1058. 

Resistance Levels: $3.10 (24h High), $2.81 (Current Price) 

Support Levels: $2.67 (24h Low), $2.60 (Critical Support)

📉 KDJ Analysis:

K Value: 30.1932 – Indicates bearish momentum with potential for further decline. 

D Value: 27.1961 – Supports the ongoing bearish trend. 

J Value: 36.1873 – Shows volatility but confirms the current bearish trend.

🔍 ICT Analysis:

Order Blocks: Significant resistance is identified around $2.81, where the price is currently facing challenges. 

Liquidity Pools: Expect potential price action around $2.70, which may attract additional selling pressure and reinforce the bearish trend.

📰 Fundamental Analysis: 

Market Sentiment: PENDLEUSDT is showing strong negative sentiment with a 9.53% drop. Broader market conditions or specific news could be influencing this movement. 

Recent Developments: Keep an eye on updates or news that might affect PENDLEUSDT or the broader DeFi market.

🧭 Directional Forecast: 

Signal: BEARISH on PENDLEUSDT Perp 

Entry Range: $2.80 - $2.85 

Target 1: $2.70 (Short-term) 

Target 2: $2.60 (Mid-term) 

Stop Loss: $2.90 (Above recent resistance)

📊 Trade Insights:

PENDLEUSDT Perp is showing robust bearish signals. Consider shorting near the $2.80 - $2.85 range, targeting $2.70 and $2.60. Set your stop loss above $2.90 to manage potential risks.

⚠️ Risk Warning: Cryptocurrency trading involves significant risks. Manage your risk wisely and stay updated on market conditions.

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