$PENGU ๐ชค Bear Traps Become Bull Trap: PENGUโs Chart Flips the Script! ๐งโ ๏ธ๐
PENGU pulled a sneaky one โ what started as bear traps has now flipped into a full-on bull trap, catching overconfident longs at the top ๐ฎโ๐จ๐. The chart looked like it was ready to rocket, but instead, itโs turned into a sharp reversal zone, shaking out late bulls and early buyers alike ๐๐.
The fakeouts below support lured in shorts, only to squeeze them โ but the rebound was short-lived. Price couldnโt hold gains, and now rejection wicks are forming at the highs, showing that bulls have lost momentum, and sellers are back in control ๐ผ๐ซ.
RSI is rolling over, MACD is fading, and volume is drying up on green candles โ classic signs that the bounce was bait, and the market just flipped sentiment again ๐๐ฃ. This is where traders get caught โ first on the short side, then on the long โ all while smart money exits silently ๐ง ๐.
Unless PENGU can reclaim levels fast and with strength, this setup could lead to more downside. What looked like a breakout now looks like a trapdoor ๐โ ๏ธ.
Bear traps turned bull trap โ and PENGU just caught the crowd sleeping. Stay sharp, or get stuck. ๐ง๐ชค๐