$PENGU Structural Analysis
Trend: The 4h, 1h, and 15m timeframes confirm a dominant bearish market structure, characterized by a series of lower highs (LH) and lower lows (LL).
Liquidity & Zones: Recent price action shows a confirmed bearish break of structure (BOS) and Change of Character (CHoCH) on the lower timeframes. Significant liquidity rests below current lows (EQL), and the price is currently reacting to a newly formed resistance zone (previous support, now flipped to resistance) in a "Premium Sells Only" environment.
Market Summary
PENGU/USDT is maintaining a strong bearish bias. The current localized consolidation serves as a potential liquidity buildup before a further move to the downside. We are looking to align with the higher-timeframe bearish trend by entering short positions from a premium supply zone.
Trade Setup: Short Continuation
Entry Zone: 0.006000 – 0.006080 USDT.
Seeking a short entry as the price enters this refined supply zone, which aligns with the structural resistance formed after the recent bearish CHoCH.
TP: 0.005750 – 0.005850 USDT.
Targeting previous swing lows and liquidity clusters below the current price action.
SL: Above 0.006150 USDT.
A close above this level invalidates the bearish structural sequence and the current premium supply zone, signaling a potential shift in momentum.
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