$PENGU
Short Trade Opportunity
PENGU/USDT has shown a strong recovery from its recent low, but the 1H chart indicates rejection near the resistance zone at 0.0324 – 0.0327. The price has started to form lower highs, suggesting selling pressure is increasing. If bearish momentum continues, a retracement towards the next support area becomes likely.
Entry: 0.03158
Target 1: 0.03100
Target 2: 0.03050
Target 3: 0.02893
Stop-Loss: 0.03248
Risk Management: Allocate only 3–5% per trade. Once Target 1 is hit, shift stop-loss to entry for protection.
Pro Tip: Watch the trading volume — if it drops significantly on green candles, it confirms weakness and higher probability of downside continuation.