$PENGU /USDT BEARISH TREND CONTINUES – SHORT-TERM BOUNCE MEETS STRONG SELL PRESSURE

PENGU attempted a rebound from $0.03237 but is now facing selling pressure near the 25MA at $0.0338. Price remains well below the 99MA at $0.0363, keeping the overall structure bearish. Sellers are expected to dominate unless a strong breakout occurs.

🔹Trade Setup (Short Entry)

Entry Zone: 0.0337 – 0.0340

Take Profit 1: 0.0331

Take Profit 2: 0.0325

Stop Loss: 0.0360

📊 Market Outlook:

PENGU remains in a bearish phase as moving averages slope downward. A breakdown below $0.0323 could extend losses further, while a breakout above $0.0363 is required to shift the momentum bullish.

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