⚠️ $PENGU /USDT – Momentum Crashing After the Spike! 🐧📉
$PENGU pumped hard to a high of $0.03512, but the rally is losing steam. The 30M chart is now flashing classic weakness — lower highs, rejection wicks, and fading volume all point toward a short opportunity.
🔻 Short Trade Setup:
• Entry Zone: $0.03330 – $0.03380
• 🎯 Target 1 (TP1): $0.03230
• 🎯 Target 2 (TP2): $0.03130
• ❌ Stop Loss: $0.03530
📉 Technical View:
Bearish market structure with rejection at resistance. Momentum indicators rolling over, suggesting downside continuation.
⚠️ Risk Note:
SL protects against unexpected spike continuation — always respect invalidation levels.
🧠 Strategy Breakdown:
Shorting into weakness after failed breakout. Bearish confirmation from structure and volume gives this setup solid downside potential.
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