$PENGU /USDT BEARISH SETUP 🧊🐧 | REJECTION AT $0.017 – WEAKENING MOMENTUM!

📉 Current Price: $0.016237 (-2.42%)

📊 24h High / Low: $0.016970 / $0.015600

🧭 Trend Outlook: Price showing consistent lower highs after failing to reclaim $0.017.

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🔹 Key Resistance Levels:

$0.01697 – 24h high & strong resistance

$0.01660 – Minor supply zone

$0.01640 – Local rejection level

🔸 Key Support Levels:

$0.01600 – Immediate support

$0.01560 – 24h low & crucial support

$0.01500 – Strong demand zone

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🎯 TRADE SETUP – SHORT POSITION

📍 Entry: $0.01640 – $0.01660 (on bounce rejection)

🎯 Targets (TP):

TP1: $0.01600

TP2: $0.01560

TP3: $0.01500

🛡️ Stop Loss (SL): $0.01700 (above 24h high)

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⚠️ RISK MANAGEMENT TIP:

Keep risk to 1-2% per trade. Don’t overtrade low-cap assets — volatility is fast and unforgiving! 📉🚫

📌 PENGU showing exhaustion under $0.017. Breakdown below $0.016 could trigger sharper downside.

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