$PENGU
๐จ Double Top at Chart โ PENGU Might Dump Hard ๐จ
๐ The cuteness might not save it this time โ PENGU is forming a dangerous double top on the charts, and if youโve been in the market long enough, you know what that means: potential BIG DUMP ahead. [๐งโ ๏ธ]
๐ This isnโt just any meme coin movementโthis is a technical red alert. The double top pattern is one of the most reliable bearish signals in crypto, and PENGU is flashing it loud and clear. Two strong peaks at the same resistance level, declining volume, and a neckline that's about to get crackedโthis is the setup of a classic reversal. [๐๐ป]
๐ Zoom into the 4H and daily charts, and the signs are everywhere:
๐ RSI is overbought and turning downward
๐ป MACD is crossing bearish
๐ฅ Momentum is fading
๐ง Sell pressure is rising fast
๐ Big sellers are circling, and order books are starting to lean heavily to the sell side. Whales are either securing profits or getting ready for a deeper correction. Either way, retail FOMO is getting played, and those late to the party might become exit liquidity. [๐ธ๐ง ]
๐ฅ If the neckline breaks, expect acceleration. That support zone is holding on thin iceโif it cracks, we could see a 20-30% dump fast. Meme coins dump faster than they pump, and once the fun ends, it ends brutally.
๐ซ Donโt let the cute branding and fun vibes fool you. This is a pattern thatโs destroyed portfolios before. Smart traders know when to de-risk, and nowโs the time to tighten stops, take profits, or wait on the sidelines for confirmation.
๐งจ The market is already in a fragile state. With BTC showing hesitation and alts bleeding left and right, PENGU could be next in line for a flush. Don't ignore the signsโdouble tops are market killers when confirmed.
โ Stay ahead of the herd. Read the chart, not the hype.
๐ Not financial adviceโbut youโve been warned.
#PENGU #CryptoAlert #DoubleTop #CEXvsDEX101