$PENGU /USDT short trade signal 🚦 🛑
BEARISH REVERSAL IN PLAY — PRICE RETESTING AFTER BREAKDOWN!
$PENGU has broken down sharply from the $0.0175 peak, retracing over 20% in a consistent bearish pattern. Price recently bounced from the $0.0131 support level but faces resistance near $0.0139, suggesting a relief rally before possible continuation of the downtrend.
Trade Setup (Short):
Entry: $0.0139 - $0.0141
Take Profit: $0.0132 / $0.0128
Stop Loss: $0.0145
Market Outlook:
Momentum remains weak as selling pressure dominated the last sessions. Lower highs and persistent red candles indicate bears are still in control. Unless a strong reclaim above $0.0145 happens, the downtrend is likely to continue.
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