$PENGU USDT – BEARISH PRESSURE BUILDING BELOW KEY EMAS, SHORT SETUP IN PLAY

REJECTION FROM 0.03168 SPIKE

STRUGGLING TO HOLD ABOVE 99 EMA

$PENGU is showing signs of weakness after repeated failures to hold above the 0.03100 zone. Price is now stuck below all major EMAs on the 15-minute chart, and volatility spikes are being sold into. Sellers are gaining control, with downside risk increasing if support at 0.03055 breaks.

Short Trade Setup:

Entry: 0.03075 – 0.03090

Stop Loss: Above 0.03120

Target 1: 0.03030

Target 2: 0.02980

Momentum favors the bears unless price reclaims 0.03100 with strength. Trade with caution and use tight risk management.

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