$PENGU /USDT – Rejection from Resistance: Bearish Play Ahead
$PENGU Price surged into a major resistance zone near 0.01780, faced immediate rejection, and now signals a potential short opportunity as structure begins to break.
Trade Setup – SHORT IDEA
• Entry Zone: 0.01480 – 0.01550
• Target 1: 0.01100
• Target 2: 0.00850
• Stop Loss: Above 0.01790
With lower highs forming and volume weakening, the rejection confirms exhaustion at the top. If breakdown continues, expect a retracement toward previous support.
Trade smart and follow the momentum.