$PENGU /USDT – STRONG REJECTION NEAR TOP, SHORT IN PLAY!

PENGU hits a local high of $0.005270 and struggles to break higher, forming a potential double top at $0.005154. Price currently trades at $0.005149 with signs of exhaustion on the 15m chart.

Short Trade Setup:

Entry Zone: $0.00515 – $0.00520

Take Profit: $0.00490

Stop Loss: $0.00530

This setup targets a pullback from resistance with multiple rejections near the highs. Ideal for short scalpers.

Risk Note: Watch for volume drops or bearish engulfing candle before confirming short entry.

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