BlockchainBaller
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$PENGU Sliding Downhill! Is Another Breakdown Coming❓$PENGU has been in a consistent downtrend, printing lower highs and lower lows on the 1H chart. Price action is weak, with minimal bounce attempts as it flirts dangerously close to the 24H low.
Key Levels:
Immediate Resistance: $0.00622 – $0.00630
Support Zones: $0.00605 / $0.00580
Bearish Setup:
Entry Zone: $0.00610 – $0.00620 (on minor bounce)
Stop Loss: $0.00648 (above recent resistance)
Why This Setup is Important:
The bearish trend remains intact with minimal signs of buyer strength. A clean break below $0.00605 could trigger another wave of selling pressure, with downside targets extending toward $0.00580.
Pro Tip:
Watch for a brief consolidation under $0.00610 before entering shorts. If a liquidity sweep occurs, use it to your advantage for a tighter entry.
PENGU is losing steam momentum traders, keep an eye on that critical $0.00605 level!
buy and trade here $PENGU
Key Levels:
Immediate Resistance: $0.00622 – $0.00630
Support Zones: $0.00605 / $0.00580
Bearish Setup:
Entry Zone: $0.00610 – $0.00620 (on minor bounce)
Stop Loss: $0.00648 (above recent resistance)
Why This Setup is Important:
The bearish trend remains intact with minimal signs of buyer strength. A clean break below $0.00605 could trigger another wave of selling pressure, with downside targets extending toward $0.00580.
Pro Tip:
Watch for a brief consolidation under $0.00610 before entering shorts. If a liquidity sweep occurs, use it to your advantage for a tighter entry.
PENGU is losing steam momentum traders, keep an eye on that critical $0.00605 level!
buy and trade here $PENGU
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