🚨 $PENGU on the brink of a downward correction – Strong sell signal!
The price is at 0.03058 after failing to hold above resistance at 0.03200, and the candles show ongoing selling pressure, indicating the possibility of a deeper correction.
🔑 Important levels:
• Resistance: 0.03200 – 0.03270
• Support: 0.03000 – 0.02920
📉 Sell setups:
• Entry: 0.03080 – 0.03120
• Profit targets:
0.03000
0.02960
0.02920
• Stop loss: 0.03180
⚠️ Breaking 0.03000 strengthens the downward momentum, while a rebound above 0.03200 will invalidate the setup and may indicate a new rise.
Would you like a plan for a bullish reversal if support is maintained?
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