$PENGU /USDT – Beginning of a reversal? Beware of chasing the peak! ⚠️📉
The price has been pumped strongly towards resistance at 0.0358, but it shows signs of rejection with a clear wick, indicating the possibility of a short-term correction.
📌 Resistance: 0.0358 USD
📌 Support: 0.0340 USD
🔴 Trade Setup (Bearish Trend):
• Entry: 0.03520 – 0.03530 USD
• Stop Loss: 0.03587 USD
🎯 Profit Targets:
1) 0.03450
2) 0.03390
3) 0.03347
💡 Note: The structure indicates weakening upward momentum. Do not chase peaks — wait for confirmation and watch the price at reversal areas.
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