$PENGU /USDT – BEARS PRESSURE SUPPORT, MORE DOWNSIDE POSSIBLE
PENGU has been rejected from resistance near 0.036 and is now struggling to hold the 0.034 zone. Price action suggests sellers are regaining control, with a potential breakdown pointing toward deeper lows if support gives way.
Trade Setup (Short Bias):
Entry Zone: 0.0341 – 0.0339
Take Profit 1: 0.0328
Take Profit 2: 0.0322
Take Profit 3: 0.0319
Stop Loss: 0.0351
Market Outlook:
Bears remain in charge below 0.0345. A clean break under 0.0336 could accelerate downside momentum, pushing price toward 0.032–0.0319. Bulls must reclaim 0.035 for any reversal attempt.