🚀 $PENGU Short Setup Alert, Bear Analysis

$PENGU /USDT shows loss of upward momentum and structural weakness following a sharp V-top reversal. With failure to hold the $0.0287 support level and descending volume, a move toward the $0.0270 swing low looks probable.

The current price action on the 4-hour chart (implied by the move from yesterday's low to today's high) shows an exhaustion wick near the 24h high, followed by aggressive selling that has broken the short-term uptrend structure. The broader market sentiment for altcoins is currently tilted towards "Fear" (Fear & Greed Index around 34), supporting a retracement in speculative assets like PENGU, especially after a recent parabolic move. Key long-term support (200-day EMA) is noted near $0.0288 in broader analysis, which price is now failing to reclaim.

📊 Market Snapshot

Timeframe Analyzed: 4h / 1h (for precision)

As of: 29/09/2025, 11:15 AM (Asia/Karachi)

Current Price: $0.028316

24h High: $0.029166

24h Low: $0.026996

Volume: 1.04B PENGU / 29.29M USDT

📌 Key Levels to Watch

Support: $0.02780 (Minor), $0.02700 (24h Low/Swing Low), $0.02600, $0.02500

Resistance: $0.02870 (Breakdown Point), $0.02916 (24h High), $0.03000

🎯 Trade Setup

Entry Zone: $0.02850 to $0.02820 (Entering on a bounce into the breakdown area)

TP1: $0.02780 (Minor Support)

TP2: $0.02700 (24h Low)

TP3: $0.02600 (Structural Support)

SL: $0.02930 (Just above the 24h high)

⚠️ Invalidation

Setup invalid if $PENGU /USDT breaks and closes a 1-hour candle above $0.02930 with strong volume, indicating a re-claim of the short-term momentum.

✨ Summary

The short-term trend is bearish, targeting a retest of the recent swing low. As long as price stays below the resistance at $0.02870, the path toward $0.02700 remains in play. Watch for a clear rejection with an increase in sell volume in the $0.02850-$0.02870 area (the entry zone) to confirm the continuation of the correction.