🔻 SHORT
$PENGU 💰 Entry: 0.006783
🛡 Stop-loss: 0.006906 (−1.8%)
🎯 Take-profit: 0.006635 → 0.006561
📈 A bearish engulfing candle just swallowed the prior green candle at EMA20 — sellers took the swing high, and PENGU's bounce is likely done.
• EMAs stacked bearish with a 7.5% spread — trend structure fully points down
• Pullback stalled right at EMA20, rejecting 1.1% below it instead of reclaiming
• Bearish engulfing printed at 1.09x ATR range on above-average volume — real conviction
• CVD confirms distribution while taker flow shows a 12% sell-side imbalance
• 4H, 1D and Elliott counts all aligned short, with favorable R:R for the entry
⭐ Score 73.7/100 ★★★★☆
Short the rejection while price stays below EMA20 — keep the stop tight above the freshly printed swing high.
💬 Short
$PENGU too, or taking the other side? Drop your call below.
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👉 Follow for hourly setups.