$PENGU

USDT BEARISH BREAKDOWN – SELLERS READY TO DOMINATE 🔻

The market structure on $PENGUUSDT shows a clear descending channel breakdown, indicating strong bearish momentum ahead. Price is failing to sustain above key support levels, signalling a potential aggressive downside move soon.

🔑 Key Levels:

Resistance: 0.014528

Support: 0.013548

Current Price: 0.014269

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📉 Trade Setup

Position: Short

Entry Zone: 0.014300 – 0.014400

Take Profit (TP):

➡️ TP1: 0.014000

➡️ TP2: 0.013700

➡️ TP3: 0.013548

Stop Loss (SL): 0.014600

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⚡ Market Outlook

The recent rejection from the resistance zone combined with strong selling pressure confirms bearish control. If price fails to reclaim above 0.014400, expect further continuation towards 0.013548 support in coming sessions.

🛡 Risk Management

Use proper position sizing; risking only 1-2% per trade. Avoid emotional entries outside the highlighted entry zone to maintain a strong risk-reward ratio.

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