🐧 $PENGU USDT – BEARISH BREAKDOWN LOOMING AS BULLS LOSE CONTROL!

$PENGU failed to hold above its key resistance near 0.01450, showing rejection wicks and forming a lower high, indicating sellers are regaining momentum.

TRADE SETUP (SHORT):

🔹 Entry Zone: 0.01420 – 0.01430

🎯 Take Profits:

TP1: 0.01380

TP2: 0.01350

TP3: 0.01320

🔻 Stop Loss: 0.01480 (above rejection wick)

📈 MARKET OUTLOOK:

The structure is turning bearish with multiple rejections near resistance. If price remains below 0.01450, further downside is likely as momentum shifts to sellers aiming for the lower demand zones.

⚠️ Risk Management:

Always use stop loss and risk only 1-2% per trade to maintain discipline and protect capital.

💬 Are you shorting this rejection or waiting for a deeper breakdown confirmation? Drop your thoughts below.

#PENGUUSDT #CryptoTrading #ShortSetup #BearishReversal #DYOR

buy and trade here on $PENGU