$PENGU – DEAD CAT BOUNCE? BEARS STILL IN CONTROL!

CONSISTENT LOWER HIGHS SINCE $0.045

WEAK REJECTION NEAR $0.0346 ZONE

$PENGU has been grinding lower with no signs of a structural reversal. After tapping a low at $0.0323, price saw a minor bounce that quickly stalled below previous support at $0.0346, now turned resistance. With bearish volume still active and bulls failing to reclaim lost ground, continuation to the downside is likely.

SHORT SETUP

Entry: $0.0338–$0.0345

Target 1: $0.0318

Target 2: $0.0300

Stop Loss: $0.0355

Momentum favors sellers unless price reclaims $0.036+ with strong volume.

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