👀 $PENGU — Vertical expansion into resistance signals exhaustion as momentum fades at the highs.
🔻 $PENGU - SHORT
📋 Trade Plan:
Entry: 0.009544 – 0.0098257
SL: 0.01005
TP1: 0.0092
TP2: 0.009
TP3: 0.00855
📊 Why this setup?
Price expanded sharply into the 0.010356 resistance zone, printing a clear rejection with shrinking bullish candles. Volume confirms the rollover, while price remains overextended above key EMAs, favoring a mean-reversion move lower. $PENGU is now vulnerable to a pullback toward the nearest demand levels as buyers exhaust.
💬 Will the rejection hold, or do we see a retest of the highs before the drop resumes?
👉 Click here to Trade 👇️
🔻 $PENGU - SHORT
📋 Trade Plan:
Entry: 0.009544 – 0.0098257
SL: 0.01005
TP1: 0.0092
TP2: 0.009
TP3: 0.00855
📊 Why this setup?
Price expanded sharply into the 0.010356 resistance zone, printing a clear rejection with shrinking bullish candles. Volume confirms the rollover, while price remains overextended above key EMAs, favoring a mean-reversion move lower. $PENGU is now vulnerable to a pullback toward the nearest demand levels as buyers exhaust.
💬 Will the rejection hold, or do we see a retest of the highs before the drop resumes?
👉 Click here to Trade 👇️
