$PENGU / USDT Potential Short Reversal Trade Setup
Setup: Potential Short Reversal after testing resistance.
Entry: $0.011390 - $0.011410 (around the current price, looking for bearish confirmation)
Stop Loss: $0.011500 (just above the recent high)
Targets:
* $0.011300
* $0.011200
* $0.011150 (EMA(99))
Confirmation:
* Bearish candlestick forming after testing the $0.012796 high.
* Decreasing buying volume.
* Price breaking below short-term support levels.
Risk/Reward: ~1:2 to 1:3+
Leverage: 1x-3x (high volatility, manage risk carefully)
Watch for: Strong bearish momentum to confirm the reversal. Be cautious if the price continues to rise above $0.011500.
Trade here: click $PENGU