$PENGU USDT – SHORT TRADE SIGNAL🔴

🔻FAKEOUT ABOVE $0.01678 SUPPLY ZONE

🔻STRONG WICK REJECTION FOLLOWED BY SELL-OFF

PENGU attempted a breakout above the $0.01678 resistance but quickly reversed with a long wick, indicating a bull trap. The 30-minute chart now shows a shift back into the range, suggesting bearish continuation toward the lower demand zone.

TRADE SETUP

• Entry Point: $0.01638 – $0.01640

• Stop Loss: $0.01687

• Take Profit:

 ◦ TP1: $0.01512

 ◦ TP2: $0.01491

• Margin: 2–3% of wallet

• Leverage: 10x

MARKET OUTLOOK:

Bearish engulfing after fakeout hints at distribution. If downside volume persists, PENGU could revisit the $0.015 zone or even lower support near $0.0145.

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