$PENGU – SHORT SETUP AS RELIEF RALLY STALLS BELOW KEY LEVEL
STRONG SELL-OFF. BEARISH RETEST FORMING.
$PENGU dumped from $0.03476 to $0.03117, showing heavy downward momentum. The current bounce to $0.03194 is weak and appears corrective, forming a potential bearish retest below the $0.03250–$0.03300 resistance range. Sellers are likely to step back in for continuation.
SHORT ENTRY: $0.03194
TARGETS: $0.03110 / $0.03020
STOP LOSS: $0.03260
Trend remains bearish unless bulls reclaim $0.03300 with strength.
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