ICT bull
--
Bearish
$PENGU USDT – SHORT TRADE SIGNAL🔴
🔻FAKEOUT ABOVE $0.01678 SUPPLY ZONE
🔻STRONG WICK REJECTION FOLLOWED BY SELL-OFF
PENGU attempted a breakout above the $0.01678 resistance but quickly reversed with a long wick, indicating a bull trap. The 30-minute chart now shows a shift back into the range, suggesting bearish continuation toward the lower demand zone.
TRADE SETUP
• Entry Point: $0.01638 – $0.01640
• Stop Loss: $0.01687
• Take Profit:
◦ TP1: $0.01512
◦ TP2: $0.01491
• Margin: 2–3% of wallet
• Leverage: 10x
MARKET OUTLOOK:
Bearish engulfing after fakeout hints at distribution. If downside volume persists, PENGU could revisit the $0.015 zone or even lower support near $0.0145.
#PENGUUSDT #BinanceFutures #CryptoTrading #ShortSignal #FakeoutPattern $PENGU
🔻FAKEOUT ABOVE $0.01678 SUPPLY ZONE
🔻STRONG WICK REJECTION FOLLOWED BY SELL-OFF
PENGU attempted a breakout above the $0.01678 resistance but quickly reversed with a long wick, indicating a bull trap. The 30-minute chart now shows a shift back into the range, suggesting bearish continuation toward the lower demand zone.
TRADE SETUP
• Entry Point: $0.01638 – $0.01640
• Stop Loss: $0.01687
• Take Profit:
◦ TP1: $0.01512
◦ TP2: $0.01491
• Margin: 2–3% of wallet
• Leverage: 10x
MARKET OUTLOOK:
Bearish engulfing after fakeout hints at distribution. If downside volume persists, PENGU could revisit the $0.015 zone or even lower support near $0.0145.
#PENGUUSDT #BinanceFutures #CryptoTrading #ShortSignal #FakeoutPattern $PENGU
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