$PENGU USDT BEARISH REVERSAL SETUP – SELLERS READY TO TAKE CONTROL 👇

Market Move:

$PENGUUSDT is showing strong rejection from the resistance zone at 0.01497 – 0.01498, indicating a potential bearish reversal as it fails to break above this key level.

🔑 Key Levels:

Resistance: 0.01497 – 0.01498 (strong supply zone)

Support: 0.01312 – 0.01310 (major demand zone)

Current Price: 0.01449

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📉 Trade Setup – SHORT

Entry Zone: 0.01460 – 0.01497

Take Profit (TP): 0.01312 – 0.01310

Stop Loss (SL): 0.01498

📊 Market Outlook:

Momentum has shifted towards sellers after repeated rejection from resistance. As long as the price stays below 0.01497, bears will remain dominant, targeting deeper supports near 0.01310.

⚠️ Risk Management:

Use strict SL above 0.01498 to manage risk. Position size wisely as volatility increases near rejection zones.

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