PENGU is crumbling under fresh bearish pressure, slicing through the 0.55 level. Volume spikes suggest sellers are in control.
๐ด $PENGU SHORT ๐ โ Trade Plan
โข Entry: $0.009346 โ $0.009364
โข Stop: $0.009636 (-3.0%)
โข Target 1: $0.009215 (+1.5%)
โข Target 2: $0.008887 (+5.0%)
โข R/R 1:1.7 | Confidence 65%
The market structure broke lower on a clear CHoCH, while CVD turned negative confirming the downโmove. A fresh FVG aligns with an order block, creating a POI where the OB and FVG overlap, giving a tidy short entry.
A 3.0% stop is relatively tight on this swing, so a modest 2โ3x leverage keeps risk in check.
Take partial profit at the first target once price retraces to the nearest FVG edge.
DYOR โ this isn't financial advice, size your risk accordingly ๐
$PENGU #PENGUUSDT #SMC #TradingSignals #Write2Earn
๐ด $PENGU SHORT ๐ โ Trade Plan
โข Entry: $0.009346 โ $0.009364
โข Stop: $0.009636 (-3.0%)
โข Target 1: $0.009215 (+1.5%)
โข Target 2: $0.008887 (+5.0%)
โข R/R 1:1.7 | Confidence 65%
The market structure broke lower on a clear CHoCH, while CVD turned negative confirming the downโmove. A fresh FVG aligns with an order block, creating a POI where the OB and FVG overlap, giving a tidy short entry.
A 3.0% stop is relatively tight on this swing, so a modest 2โ3x leverage keeps risk in check.
Take partial profit at the first target once price retraces to the nearest FVG edge.
DYOR โ this isn't financial advice, size your risk accordingly ๐
$PENGU #PENGUUSDT #SMC #TradingSignals #Write2Earn