$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 the price quickly reversed, forming a long wick, signaling a potential bull trap. The 30-minute chart indicates a return to the range, which could suggest bearish continuation toward the lower demand zone.

TRADE SETUP

🔹 Entry Zone: $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

The bearish engulfing candle after the fakeout pattern suggests possible distribution. If downside volume continues, $PENGU could test the $0.015 zone or even lower support near $0.0145.

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$PENGU