OMG IN $PENGU ....! The Bounce Is Losing Its Grip......! Will down to $0.085
I am using this trade plan .....! Short
Entry: $0.00942 & $0.00975
Stop Loss: $0.01017
Target 1: $0.00900
Target 2: $0.00865
Target 3: $0.00833
$PENGU is showing clear rejection after the recent pump and is now forming lower highs on the 15M chart. Price has slipped below the $0.00975 resistance zone, while sellers continue pressing lower.
As long as $0.00975 remains resistance, I’m watching for continuation toward $0.00900 first, followed by $0.00865 and the major support around $0.00833.
A strong reclaim above $0.00975 would weaken this setup, while a move above $0.01017 completely invalidates the short.
#BPIUrgesFinCENExpandStablecoinIDRulesToSecondaryMarkets
I am using this trade plan .....! Short
Entry: $0.00942 & $0.00975
Stop Loss: $0.01017
Target 1: $0.00900
Target 2: $0.00865
Target 3: $0.00833
$PENGU is showing clear rejection after the recent pump and is now forming lower highs on the 15M chart. Price has slipped below the $0.00975 resistance zone, while sellers continue pressing lower.
As long as $0.00975 remains resistance, I’m watching for continuation toward $0.00900 first, followed by $0.00865 and the major support around $0.00833.
A strong reclaim above $0.00975 would weaken this setup, while a move above $0.01017 completely invalidates the short.
#BPIUrgesFinCENExpandStablecoinIDRulesToSecondaryMarkets
