$PENGU /USDT BEARISH RETEST IN PLAY — WEAK BOUNCE FROM LOWS SUGGESTS MORE DOWNSIDE!
$PENGU /USDT is trading at $0.014224 with only a marginal +0.48% gain after dipping to a low of $0.013617. The weak bounce from support and rejection near the $0.015 zone signals selling pressure remains strong. Unless buyers step in convincingly, the price may revisit lower levels.
Trade Setup: (Short Position)
Entry: $0.01420 – $0.01450
Take Profit: $0.01370 / $0.01310
Stop Loss: $0.01510
Market Outlook:
Momentum is neutral to bearish on the 1H chart, with price unable to sustain above key resistance. A breakdown from $0.0137 would confirm renewed downside. Traders should keep a close eye on volume and watch for fakeouts.
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This is your signal. Tap in before the next breakout candle!
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