$PENGU /USDT – Short Trade Signal!

Market Structure:

$PENGU surged strongly to a daily high of $0.03464, gaining over +13%, but is now showing rejection near the highs. The price has slipped back to $0.03308, with sellers stepping in after the parabolic move. This indicates potential exhaustion and room for a short-term pullback.

🔑 Key Levels

Resistance Zone: $0.0338 – $0.0346

Immediate Support: $0.0328 – $0.0325

Major Support: $0.0315

24H Range: $0.0290 – $0.0346

📉 Short Trade Setup

Entry Zone: $0.0330 – $0.0333

🎯 TP1: $0.0328

🎯 TP2: $0.0322

🎯 TP3: $0.0315

🛑 Stop Loss: $0.0347

💡 Pro Tip: After such sharp upside moves, meme/NFT tokens like $PENGU often retrace quickly. A breakdown under $0.0328 could accelerate the bearish momentum toward $0.0315.