Technical analysis by ydnldn about Symbol PENDLE: Sell recommendation (10/31/2025)

Bearish Scenario (Continuation Downtrend): Rationale: A sharp drop at the end of the chart indicates weak buyers; if it breaks lower, bearish momentum will continue. Entry: Short below ~2,469 USDT (breakdown with a bearish candle close and high volume). Alternative: Short on a pullback to ~3,105 USDT (as new resistance) if there is rejection. Stop Loss (SL): Above the recent pullback high, ~3,200 USDT (buffer 1-2%). Take Profit (TP): TP1: ~2,000 USDT (50% of position, R:R 1:1.5). TP2: Lower extension (use Fibonacci 1.618 from the swing high-low, target ~1,800 USDT). Trailing stop: Follow with the 50-EMA if the trend is strong. Invalidation: If the price reclaims ~3,105 USDT or above, cancel the bearish plan.