$PENGU is encountering resistance near its recent peak and shaping up for a downside correction...
$PENGU — SHORT
TP: 0.007200
Stoploss: 0.008900
Why this setup?
Because $PENGU is easing back after facing strong selling pressure near the 0.0086 high. Analyzing the technical indicators, the MACD shows momentum leveling off, and the RSI(6) at 59.58 suggests the buying pressure is starting to fade. With sellers attempting to take control, a pullback toward lower support levels is expected.
Trade here ⬇️
$PENGU — SHORT
TP: 0.007200
Stoploss: 0.008900
Why this setup?
Because $PENGU is easing back after facing strong selling pressure near the 0.0086 high. Analyzing the technical indicators, the MACD shows momentum leveling off, and the RSI(6) at 59.58 suggests the buying pressure is starting to fade. With sellers attempting to take control, a pullback toward lower support levels is expected.
Trade here ⬇️