$PENGU Short Opportunity Ahead? 🚨

$PENGU has surged +423% in 90 days, but signs of exhaustion are emerging. Here's the analysis:

Key Points 📈

- *Price Action*: is consolidating around $0.029 after a massive +30% daily gain.

- *Fading Momentum*: The 15m chart shows decreasing momentum, hinting at a potential local top.

Short Setup 📊

- *Entry*: $0.02835

- *Stop Loss*: $0.02920

- *Targets*: $0.02600 (TP1)

Strategy Insight 🧠

- *Profit Locking*: Traders may lock in profits, leading to retracement zones.

- *Sell Pressure*: 67% sell pressure in the order book suggests a short-term correction may be near.

- *Risk Management*: Stay alert and manage risk tightly for potential downside scalp plays.#Write2Earn $PENGU