#PENGU / USDT Aggressive Short Setup – Reversal in Play
After a massive +34% pump, PENGU hit a local top at 0.009840 and is now showing signs of exhaustion on the 1H chart.
Key Bearish Signals:
Strong Rejection at 0.009840: Sharp wick indicates profit-taking and fading momentum.
Lower High Formation in progress – potential start of a short-term downtrend.
Volume Spike on the top candle followed by red candles shows buyer exhaustion and possible sell-off incoming.
Trade Plan (Aggressive Short):
Entry Zone: Around 0.00870–0.00890
Targets:
TP1: 0.00790
TP2: 0.00685 (major support zone from breakout)
Stop Loss: 0.00990 (above recent high)
Risk/Reward: 1:2+
Bias: Bearish unless it breaks and holds above 0.00984 with volume.
Strategy: Short into weakness — volume and price action favor a pullback after a parabolic move. Ideal for quick downside scalps.
