$PENGU /USDT Supply Zone Rejection Triggers Short Setup 🔻

$PENGU is fading at the $0.02341–$0.02401 resistance zone after a strong run-up. Price action is printing long upper wicks and a double-top structure clear signs of exhaustion. Bulls are struggling to break higher, opening the door for sellers to take control.

📉 Short Trade Setup:

📌 Entry: 0.02338

🛡️ Stop Loss: 0.02401

🎯 Targets:

• TP1: 0.02260

• TP2: 0.02210

• TP3: 0.02178

📊 Market Insight:

Despite strong 90-day gains, PENGU is showing signs of intraday distribution. If volume stays weak at resistance, expect a move back toward demand zones. Short-term correction likely in play.