$PENGU / USDT – SHORT TRADE SIGNAL🔴
PENGU is facing selling pressure after a weak bounce from the $0.03084 low, struggling to sustain momentum. Immediate support is at $0.03159, with a breakdown level at $0.03100 that could lead to a retest of $0.03084 and potentially lower. The overall structure remains bearish following a strong downtrend.
Trade Setup:
• Entry Point: $0.03185 – $0.03190
• Stop Loss: $0.03210
• Take Profit 1: $0.03159
• Take Profit 2: $0.03100
• Margin: 2–3% of wallet
• Leverage: 10x
Market Outlook:
Bearish bias while below $0.03210. A breakdown under $0.03159 could accelerate selling toward $0.03100–$0.03084. 📉🔴
#PENGUUSDT #BinanceFutures #MarketTurbulence #HotJulyPPI #REVABinanceTGE