$PENGU – WEAK BOUNCE FROM LOWS, BEARISH PRESSURE STILL ACTIVE

REJECTION NEAR $0.04140

NO STRONG FOLLOW-THROUGH FROM BUYERS

$PENGU dropped sharply to $0.03852 and is currently attempting a weak recovery. However, price is struggling to reclaim resistance at $0.04140, forming lower highs and small-bodied candles. The lack of bullish momentum suggests bears remain in control. A breakdown below $0.03970 could trigger further downside toward $0.03800.

Short Entry: $0.04100–$0.04130

Targets: $0.03900 / $0.03800

Stop Loss: $0.04200

Trend remains bearish unless $0.043 is reclaimed decisively.

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