$PENGU /USDT BEARISH PRESSURE RETURNING — UPTREND REJECTED AT RESISTANCE ZONE!
$PENGU /USDT witnessed a sharp rally but failed to sustain above the 0.01250 resistance zone. The 4H chart shows a strong rejection wick from recent highs, and price is now pulling back below 0.01180, signaling potential continuation of the broader downtrend if it fails to reclaim that level soon.
Trade Setup:
Short Entry: 0.01180 – 0.01210
Take Profit Targets: 0.01100 / 0.01030 / 0.00980
Stop Loss: 0.01285
Outlook:
Despite intraday volatility, the rejection near major resistance confirms that bullish attempts are losing steam. Lower highs and volume exhaustion are early signs of a selloff. Wait for confirmation below 0.01150 to add to shorts.
Command: Watch for the trap — sell the failure, follow the structure!
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