$PENGU /USDT: Hype Meets Resistance — Is the Pullback Just Beginning
$PENGU pumped aggressively into the $0.0358 resistance zone but is now stalling with a clear rejection wick. After such a sharp move, profit-taking could trigger a correction — and this chart hints at the first signs.
Price is hovering near the top, but structure suggests a short-term reversal may be underway.
Trade Setup – SHORT BIAS
Entry: $0.03520 – $0.03530
Stop Loss: $0.03587
Target 1: $0.03450
Target 2: $0.03390
Target 3: $0.03347
This move may need a breather — don’t chase the top. Wait for confirmation, and let the chart tell the story.