$PENDLE 📉 Vertical Spike Fade Setup
After a sharp impulsive move,
$PENDLE is showing signs of exhaustion near local resistance. Vertical spikes often lead to short-term pullbacks as early buyers take profit and late longs get trapped.
Current Price: $1.291 (+14.85%)
🔎 Trade Idea – Fade the Spike
• Entry Zone: 1.28 – 1.35
• Stop Loss: 1.44
• TP1: 1.18
• TP2: 1.10
• TP3: 1.02
The structure suggests momentum is slowing while liquidity above may have already been tapped. If rejection confirms on lower timeframes, a retrace toward imbalance zones below becomes likely.
⚠️ Keep position sizing tight — macro volatility around CPI & NFP can accelerate moves in either direction.
Discipline > Emotion. Let the setup confirm.
#PENDLE #MarketRebound #CPIWatch #USNFPBlowout #CryptoSignals 🚀