$PENGU – POTENTIAL BEAR FLAG BREAKDOWN CONTINUES!
SHORT TRADE SIGNAL
Price is struggling below the $0.0352 resistance after a weak bounce from local support at $0.03405. Lower highs and consistent selling pressure suggest continuation to the downside. Failed attempt to reclaim prior support has turned into a rejection zone.
Trade Setup:
Short Entry: $0.03460
Target 1 (TP1): $0.03380
Target 2 (TP2): $0.03250
Stop Loss (SL): $0.03530
Short Outlook:
Unless bulls reclaim $0.0357 with strength, sellers remain in control with eyes on deeper liquidity grabs.
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