$PENGU USDT – SHORT TRADE SIGNAL🔴
CLEAR DOWNTREND BELOW ALL EMAS
LOWER HIGH REJECTION NEAR $0.01558
PENGU remains in a strong downtrend with price rejecting from both the 7 and 25 EMAs. After failing to hold the $0.01583 zone, the asset printed new lows at $0.01531 and is struggling to bounce, indicating potential for further downside.
Key Technicals:
• Resistance: $0.01558 – $0.01583
• Support: $0.01531 – $0.01520
• Breakdown Zone: Below $0.01531 confirms bearish extension
• Trend: Strong bearish momentum
Trade Setup:
• Entry Point: $0.01550 – $0.01558
• Stop Loss: $0.01586
• Take Profit: $0.01536 / $0.01520
• Margin: 2–3% of wallet
• Leverage: 10x
Market Outlook:
PENGU is respecting the downtrend and shows no signs of recovery above key EMAs. Expect continuation lower if support breaks.
#PENGUUSDT #BinanceFutures #CryptoTrades #ShortSetup #Downtrend