$PENGU /USDT – Short Trade Signal!
Market Structure:
$PENGU is currently trading at 0.03655, showing exhaustion signs after a sharp rally toward the 0.03817 high. The recent red candles indicate selling pressure building near resistance, suggesting a short-term pullback is likely if it fails to reclaim momentum above 0.0370.
🔑 Key Levels
Resistance Zone: 0.0375 – 0.0382
Immediate Support: 0.0360
Major Support: 0.0345
24H Range: 0.0330 – 0.0381
📉 Short Trade Setup
Entry Zone: 0.0366 – 0.0370
🎯 TP1: 0.0360
🎯 TP2: 0.0352
🎯 TP3: 0.0345
🛑 Stop Loss: 0.0385
💡 Pro Tip: Monitor volume closely — if buying pressure fades near 0.0375, it strengthens the short setup, aiming for a correction toward lower support.