🐧 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!
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