$PENGU /USDT BEARISH REVERSAL IN PLAY - SELLERS TAKING CONTROL!
$PENGU /USDT has broken down from the recent upward move and is now forming lower highs, signaling a bearish reversal. Selling pressure has increased around resistance zones, and price action is favoring the downside.
Trade Setup:
Entry: 0.01295 - 0.01300
Take Profit (TP): 0.01210
Stop Loss (SL): 0.01375
Market Outlook:
Momentum has shifted in favor of sellers after a failed bullish continuation. As long as price stays below the 0.01326 resistance level, we can expect further drops toward the next support. Manage risk accordingly and trail profits once in favor.
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