#比特币对比代币化黄金 ⚡ Current PENDLE trend: Is a short opportunity coming?
Conclusion first: Short-term bearish bias.
Consider entering around the 2.48 to 2.53 range, with a stop loss at 2.58. If you want to take profits in batches, look at these three targets: 2.375, 2.075, and 2.000.
What about technicals? On the 4-hour chart, you’ll see the price structure has weakened. The previous rally attempt failed, and instead, the key support at 2.5240 was broken. That level is now acting as resistance—a classic support-resistance flip.
The breakdown candle closed decisively below 2.5240. This kind of move usually signals that short-term momentum has shifted from bulls to bears.
However, always have a safety net in trading. If the price climbs back above 2.58 and holds the close, then this bearish thesis is invalid, and you should consider stopping out.
PENDLE, PLANCK, and BANK have all been volatile recently, so short-term traders should manage position sizes carefully.
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SocialFiQueen
· 5h ago
Damn, 2.52 broke... I should've bought in at a lower price. Looks like I'll have to wait for 2.48.
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ShadowStaker
· 5h ago
ngl the support-resistance flip on PENDLE is textbook but... who's actually holding through 2.0? feels like hopium territory tbh
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ImpermanentPhilosopher
· 5h ago
2.5240 broke so decisively, the bears do have a chance, but I'm still cautious, afraid of a rebound.
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OnchainFortuneTeller
· 5h ago
It's the same old support-resistance flip trick again. If 2.524 breaks, then it's really broken. The bears do have a chance, but I'll still wait and see if 2.58 can hold before making a move. After all, this wave is a bit odd.
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GamefiEscapeArtist
· 5h ago
It feels like the 2.52 barrier will be repeatedly tested. The momentum for a breakout doesn't look quite right, but I don't dare to get in, since there are too many tricks in the crypto space.
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AllInAlice
· 5h ago
Here comes the PENDLE airdrop talk again, but that 2.524 red candle really broke through the psychological defense.
#比特币对比代币化黄金 ⚡ Current PENDLE trend: Is a short opportunity coming?
Conclusion first: Short-term bearish bias.
Consider entering around the 2.48 to 2.53 range, with a stop loss at 2.58. If you want to take profits in batches, look at these three targets: 2.375, 2.075, and 2.000.
What about technicals? On the 4-hour chart, you’ll see the price structure has weakened. The previous rally attempt failed, and instead, the key support at 2.5240 was broken. That level is now acting as resistance—a classic support-resistance flip.
The breakdown candle closed decisively below 2.5240. This kind of move usually signals that short-term momentum has shifted from bulls to bears.
However, always have a safety net in trading. If the price climbs back above 2.58 and holds the close, then this bearish thesis is invalid, and you should consider stopping out.
PENDLE, PLANCK, and BANK have all been volatile recently, so short-term traders should manage position sizes carefully.