š„ $PENGU /USDT ā Bearish Rejection at Resistance š§š»
$PENGU faces strong rejection near resistance, with sellers stepping in and momentum shifting downward. Breakdown could lead to deeper correction.
š Trade Setup:
ā¢ Sell Now
ā¢ Target: $0.02980
ā¢ Stop Loss (SL): $0.03265
ā” Technical View:
Lower highs and fading volume confirm bearish divergence. Price slipping below key support levels.
š” Risk Note:
Stick to SL ā fast wicks are common. Avoid oversized positions and manage risk accordingly.
š Strategy Breakdown:
A classic short setup on weakness after resistance rejection. Targeting next demand level around $0.02980 for a clean exit.
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