$PENGU - update:

My Yesterday's short position went bad because of short term move :/ No regret.

Today's price is back at entry even in profits for people wo followed!

Brginners and mainstream traders will tell you to Buy & FOMO into #pengu , but that's probably a very bad time to do so!

🚨Weekly resistance area [ATH]
🚨Bear div RSI + highly overbuy momentum
🚨 FOMO pump --> ETF news only

Seeing a 20 - 30% correction is highly possible!
Without correction & consolidation on lower supports, I won"t take risk to enter in!

#trading #pengu