$PENGU

BEARISH REVERSAL – SELL SETUP ACTIVE

The $PENGU chart shows a clear rejection from the resistance zone around 0.01420 – 0.01435, confirming a bearish reversal setup. The price is currently trading at 0.01381 and has failed to sustain above the highlighted resistance, indicating downside momentum towards key supports.

🔑 Key Levels

Resistance: 0.01420 – 0.01435

Support: 0.01273 – 0.01272

Current Price: 0.01381

📊 Trade Setup

Entry: 0.01380 – 0.01400 (Short Entry Zone)

Take Profit: 0.01273 – 0.01272

Stop Loss: 0.01435

📉 Market Outlook The market is showing rejection wicks and bearish pressure below the 0.01420 level. Unless price breaks and closes above 0.01435, bears remain in control targeting the major support zone at 0.01273.

⚠️ Risk Management Use strict position sizing and keep SL at 0.01435 to protect capital. Avoid overleveraging as volatility around resistance zones can trigger quick spikes.

🔥 Comment 🔻 if you caught this bearish reversal setup!

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