🐧 PENGU Market Analysis – Hanging Man Rejection at Resistance! ⚠️

🔹 PENGU/USDT Price: $0.006891

📊 Resistance Level: $0.007185

🛡 Support Level: $0.006455

⚠️ Market Signal: Hanging Man at Resistance – Reversal Underway?

PENGU recently tested the resistance at $0.007185 but got rejected, forming a Hanging Man candle—a strong bearish reversal signal. The price has since pulled back to $0.006891, and if selling pressure continues, it could retest the support at $0.006455.

🔍 Technical Outlook:

✅ If PENGU stays below $0.007185, further downside toward support is likely.

✅ A bounce from $0.006455 could trigger a recovery.

✅ Traders should watch for volume confirmation before taking positions.

📌 Trading Strategy:

🔸 Bearish Scenario: If PENGU remains weak, it could fall toward $0.006455 support.

🔸 Bullish Potential: A strong rebound from support may lead to another resistance test.

🔸 Watchlist: Observe market sentiment and momentum before making a move.

📢 PENGU faces selling pressure—will it hold support or drop further? Stay alert!

$PENGU

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