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FakeoutPattern

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ICT bull
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Bearish
$PENGU USDT – SHORT TRADE SIGNAL🔴 🔻FAKEOUT ABOVE $0.01678 SUPPLY ZONE 🔻STRONG WICK REJECTION FOLLOWED BY SELL-OFF PENGU attempted a breakout above the $0.01678 resistance but quickly reversed with a long wick, indicating a bull trap. The 30-minute chart now shows a shift back into the range, suggesting bearish continuation toward the lower demand zone. TRADE SETUP • Entry Point: $0.01638 – $0.01640 • Stop Loss: $0.01687 • Take Profit:  ◦ TP1: $0.01512  ◦ TP2: $0.01491 • Margin: 2–3% of wallet • Leverage: 10x MARKET OUTLOOK: Bearish engulfing after fakeout hints at distribution. If downside volume persists, PENGU could revisit the $0.015 zone or even lower support near $0.0145. #PENGUUSDT #BinanceFutures #CryptoTrading #ShortSignal #FakeoutPattern $PENGU {future}(PENGUUSDT)
$PENGU USDT – SHORT TRADE SIGNAL🔴

🔻FAKEOUT ABOVE $0.01678 SUPPLY ZONE
🔻STRONG WICK REJECTION FOLLOWED BY SELL-OFF

PENGU attempted a breakout above the $0.01678 resistance but quickly reversed with a long wick, indicating a bull trap. The 30-minute chart now shows a shift back into the range, suggesting bearish continuation toward the lower demand zone.

TRADE SETUP
• Entry Point: $0.01638 – $0.01640
• Stop Loss: $0.01687
• Take Profit:
 ◦ TP1: $0.01512
 ◦ TP2: $0.01491
• Margin: 2–3% of wallet
• Leverage: 10x

MARKET OUTLOOK:
Bearish engulfing after fakeout hints at distribution. If downside volume persists, PENGU could revisit the $0.015 zone or even lower support near $0.0145.

#PENGUUSDT #BinanceFutures #CryptoTrading #ShortSignal #FakeoutPattern $PENGU
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