🐧 $PENGU — Sharp Rejection After Vertical Pump

Momentum just spiked aggressively into overbought territory — a typical setup for a short-term pullback rather than continuation.

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🔹 Trading Plan (SHORT)

• Entry: 0.012650 – 0.012900

• TP1 & TP2: 0.011950, 0.011400

• SL: 0.013350

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Volume surged on a vertical push while RSI(6/12/24) is extremely overheated, signaling exhaustion rather than sustainable trend strength. Price is stretched far above MA7/MA25, creating a high-probability mean-reversion setup. MACD histogram shows slowing momentum at the top, and candles show early signs of rejection near resistance. Unless strong continuation volume returns, a short pullback remains the higher-probability scenario.

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