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$PENDLE (1h) - Resistance Rejection Short
Bias: Short
Entry (Zone): 2.08 - 2.14
Targets:
TP1: 2.00
TP2: 1.93
TP3: 1.86
Stop Loss: 2.21
Why this Setup:
I see PENDLE stalling after a sharp push into overhead supply, and the latest candles are showing weaker follow-through near the highs. I want to short a failed reclaim of this resistance zone, looking for a rotation back toward the prior breakout area if sellers keep control.
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