$PENGU Frozen Momentum: Slippery Slope Ahead for #PENGU ....
$PENGU has lost bullish steam after forming a double-top near 0.0103, now slipping steadily with lower highs and increasing selling pressure. The recent 4H structure hints at exhaustion from buyers — bears may take over if key intraday support fails.
📉 Short Trade Setup
Entry Zone: 0.00940 – 0.00938
TP1: 0.00905
TP2: 0.00870
TP3: 0.00820
Stop Loss: Above 0.00975
Market Insight:
Volume is thinning out, and the candle structure is turning bearish with no strong rebound attempts. A clean breakdown from current consolidation could trigger a fast drop ride the slide if sellers maintain dominance.