$PENDLE /USDT BEARISH MOVE AHEAD 📉
Key Levels:
- Current Price: $4.253
- Resistance Levels: $4.500, $5.000
- Support Levels: $4.212, $4.000
Trade Setup:
Short Entry:
- Entry Point: $4.250
- Take Profit (TP):
- TP1: $4.000
- TP2: $3.750
- Stop Loss (SL): $4.500
Risk Management:
- Risk/Reward Ratio: 1:2
- Position Size: 1-2% of total portfolio
Summary:
We are looking for a short trade on $PENDLE/USDT due to the recent bearish momentum and breakdown below the support level of $4.500. The price is currently trading at $4.253, indicating a potential further decline. The next support levels are at $4.212 and $4.000, making these our target areas for taking profit. Always ensure proper risk management by setting a stop loss at $4.500 to protect against unexpected reversals.
Happy Trading! 📉💸