$PENGU

USDT BEARISH REVERSAL SETUP – CHANNEL BREAKDOWN LOADING? 🚨

The price of $PENGUUSDT is currently at 0.012050, showing weakness near resistance and a rejection from the upper channel trendline.

🔑 Key Levels:

Resistance: 0.012471 (strong rejection zone)

Support: 0.010553 (target support), with deeper support at 0.010047

Current Price: 0.012050

📉 Trade Setup (Short Entry):

Entry: 0.012050 (current market price)

Take Profit (TP): 0.010553 and extended TP at 0.010047

Stop Loss (SL): 0.012471

📊 Market Outlook: PENGU has broken its ascending channel with a retest rejection, indicating a potential bearish move towards previous support zones. If momentum continues below the neckline, sellers may drive prices down rapidly.

⚠️ Risk Management: Use strict SL above resistance to protect capital and adjust position sizing to maintain less than 2% account risk per trade in case of market reversal.

💬 Comment “🔻 BEARISH PENGU” if you agree with this breakdown analysis!

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buy and trade here on $PENGU