【$PENDLE Signal】No Position + Downtrend Continuation Pattern

$PENDLE Price decline accompanied by stable open interest, indicating a typical bearish continuation rather than a short squeeze. 4H candles are consecutively bearish, buying pressure (Buy/Sell Ratio < 0.5) remains weak, and Taker sell pressure is evident. Order book shows a heavy sell wall (1.1875), with no rebound strength. The price repeatedly tests the previous support level (around 1.184), but without effective buy absorption, breaking below is only a matter of time.
🎯 Direction: No Position
Wait for the price to effectively break below 1.184 and confirm sustained selling pressure before considering a short position on the right side. The current area is a battle zone between bulls and bears, with a poor risk-reward ratio, so it’s advisable to stay on the sidelines.
Trade here 👇 $PENDLE
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