$PENGU – RALLY STALLED! BEARS START TO TAKE CONTROL

REJECTION AT $0.03900

LOWER HIGHS FORMING WITH WEAK BOUNCE

After a strong spike to $0.039004, $PENGU failed to sustain momentum and is now printing consecutive red candles with clear lower highs. The current price at $0.037084 shows a weak bounce attempt, but the structure favors sellers. If $0.03668 breaks, a deeper retracement toward $0.03584 and $0.03500 becomes likely.

SHORT Entry: $0.03700

TP1: $0.03584

TP2: $0.03500

SL: $0.03840

Bearish momentum building — bulls need to defend key support zones quickly.

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