$PENGU /USDT SHORT TRADE SIGNAL š
BEARISH RETEST UNDERWAY ā PENGU FACES STRONG REJECTION ZONE! š»
$PENGU/USDT failed to reclaim the 0.04224 resistance level and is now forming a potential lower high. Price is struggling to push above key resistance, indicating weakening momentum. If rejection confirms, we could see a move back toward support near 0.04000 and below.
š Trade Setup:
Entry Zone: 0.04200 ā 0.04224
Stop Loss: 0.04314
Take Profits:
ā¢ TP1: 0.03999
ā¢ TP2: 0.03950
ā¢ TP3: 0.03880
Leverage: 10x
Margin: 2ā3% of wallet
š Market Outlook:
Price is consolidating just under resistance after a steep drop. Unless bulls break out convincingly above 0.04224, this setup favors the bears. Momentum is fading ā short-term downside looks more probable.
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