$PENGU /USDT BEARISH OUTLOOK — SHORT SETUP AHEAD
After observing the recent market structure, $PENGU /USDT is showing signs of bearish momentum following repeated rejections near the 0.01517 resistance zone. The pair failed to hold above the mid-range level, indicating selling pressure is dominating. Volume spikes on red candles confirm distribution at higher levels.
Technical Breakdown:
Trend: Short-term downtrend forming lower highs and lower lows.
Support Zone: 0.01417 – 0.01430 (watch for breakdown confirmation).
Resistance Zone: 0.01500 – 0.01517 (strong rejection area).
Momentum: RSI and MACD showing bearish divergence.
TRADE PLAN:
Entry (Short): Below 0.01470 (on retest confirmation)
Targets (TP): 0.01440 / 0.01420 / 0.01400
Stop Loss (SL): Above 0.01510
Risk Management:
Use proper position sizing, risk only 1–2% per trade, and adjust SL to breakeven once first target is hit.
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