$PENGU /USDT BEARISH MOVE STARTED – SHORT AFTER REJECTION FROM LOCAL TOP!

PENGU just printed a strong rejection candle near $0.01130 after a steep upward move. Price is now stalling with a bearish signal forming below minor resistance, opening the gate for a corrective leg downward.

TRADE SETUP (SHORT):

• Entry: $0.01068

• Target 1 (TP1): $0.01000

• Target 2 (TP2): $0.00938

• Stop Loss (SL): $0.01132

KEY LEVELS:

• Resistance Zone: $0.01100 - $0.01132

• Support Zone: $0.00938

• Current Price: $0.01068

MARKET OUTLOOK:

This chart signals exhaustion after a vertical pump. The rejection at the top followed by a drop in bullish momentum gives sellers the upper hand, with price aiming to revisit previous demand zones.

RISK MANAGEMENT:

Only risk 1-2% of your capital. Lock in gains once price nears TP1 and trail stop loss accordingly.

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