sell
Pendle Short Position Strategy Targets Lower Prices
The current short position on Pendle recommends entering at a price range of around $3.38, utilizing 5x leverage across exchanges like MEXC, Binance, Coindcx, and Bingx. The targeted lower prices are $3.32, $3.28, $3.21, $3.14, $3.04, and $2.87, suggesting an expectation of a downward trend. The stop-loss is set at a close above $3.538 on the 4-hour candle to limit potential losses.
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AI Analysis
This short position on Pendle suggests a bearish outlook based on technical analysis. The entry point at $3.38 indicates a level where the trader expects downward momentum to begin. The multiple targe...
AI Recommendation
Given the technical setup and the predefined targets and stop-loss, the recommendation is to proceed with caution in shorting Pendle at the specified entry point. This trade suits traders who are comf...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.