$PENGU /USDT short trade signal 🔴
SHORT TRADE SIGNAL – BEARISH WICK ACTION NEAR LOCAL SUPPLY!
$PENGU is reacting sharply from the $0.01058 resistance zone after tapping a fresh 24h high. Price shows exhaustion with a visible upper wick and declining momentum on the 15m/1H charts, indicating potential short-term reversal pressure.
TRADE SETUP (SHORT):
Entry: $0.01050 – $0.01060
Target 1: $0.01010
Target 2: $0.00985
Stop Loss: $0.01068
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Why Short?
After a steady pump, $PENGU is facing supply pressure near the upper boundary of the 4H range. Volume is fading while wicks suggest buyers are getting trapped at the top. If fails to reclaim $0.01060 with strength, a pullback toward demand levels is likely.
Risk Management Tip:
Keep stops tight above $0.01068. Always reduce exposure if price reclaims highs with volume — momentum shifts fast on meme/NFT tokens.
Don’t let this breakout fake you out — sellers are stepping in, time your entry smart on $PENGU!
Ride the momentum before it fades — profits favor the fearless!
buy and trade here on $PENGU
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