$PENGU /USDC – RANGE-BOUND ACTION WITH WEAK REJECTION AT RESISTANCE

FAILING TO HOLD ABOVE MA(7) AND MA(25)

BEARISH PRESSURE BUILDING AFTER LOWER HIGH NEAR $0.0156

$PENGU failed to sustain its breakout above $0.0156 and has now dipped below both the MA(7) and MA(25), indicating a short-term trend reversal. The bounce from $0.0138 appears weak and volume remains low.

🔴 Short Trade Setup

Entry Zone: $0.01410 – $0.01425

Take Profit (TP): $0.01355

Stop Loss (SL): $0.01460

Market Outlook:

A break below $0.01385 could accelerate the drop back to $0.0132. Bulls must reclaim $0.0146 to shift momentum upward.

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