⚠️$PENGU /USDT Quick Breakdown👇

📉 Strong Intraday Rejection – What’s Next🤔

📌 Current Price: $0.01425

🕒 Timeframes: 15-min & 1-hour

📉 Last move: Sudden rejection from $0.01680 zone followed by a sharp red candle breakdown.

🔍 Chart Insights:

15-Minute Chart📊

Breakdown below 0.01477 (200 EMA) led to immediate downside.

EMA cluster breakdown: Price lost 20, 50, and 100 EMA support rapidly.

RSI at 35.23 = Entering oversold territory. Weak bounce observed, no strong bullish response yet.

Possible retest resistance: 0.01477 (200 EMA) and 0.01497 (100 EMA zone).

1-Hour Chart📊

Huge bearish engulfing candle rejecting from 0.01680 high, indicating whale-level sell-off or major resistance zone.

Support zone near 0.01366 (200 EMA), tested with wick.

RSI slipped to 45.33 = Neutral to bearish momentum setting in.

🧠 Strategy & Trade Plan (Short-Term Bearish Bias)

🔻 Trade Setup: Sell on Rebound👇

Entry Zone: $0.01470–0.01490 (EMA rejection zone)

Target 1: $0.01370

Target 2: $0.01300

Stop Loss: $0.01510 (Above reclaimed EMA cluster)

🔁 Alternate Bullish Scenario:

If price closes convincingly above 0.01510 on 15min + 1h, bias flips neutral-short bullish. Could aim again toward 0.01600–0.01650.

🧠 Volume exhaustion + RSI under 40 + EMA crossover = short-term selling strength is likely to continue unless a sharp reclaim happens.

💬 Sentiment: Neutral turning Bearish

⏳ Trade Duration: Scalp to Intraday (1–3 hours)

📌 "Don’t chase green candles, understand the trend behind the price." 📉

📛 This is not financial advice. Do your own research before investing.

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