$PENGU /USDT – REJECTION FROM LOWER HIGH ZONE
SHORT-TERM RALLY LOSING MOMENTUM
SUPPLY PRESSURE BUILDING BELOW $0.00970
$PENGU /USDT attempted a rebound from the $0.008792 support but has stalled near $0.00970, forming a lower high beneath the previous peak at $0.01059. The current candle shows rejection and volume is fading, signaling the upside move may be weakening.
🔴 Short Trade Setup:
Entry Zone: $0.00950 – $0.00970
Take Profit: $0.00890
Stop Loss: $0.00980
📉 Market Outlook:
Unless price breaks above $0.00980 with strong conviction, this bounce may be a setup for further downside. Watch for confirmation with a drop below $0.00920.