$PENGU is trading near a pressure area where weak bounces often get sold quickly.

$PENGU is stuck below resistance, and that keeps sellers slightly in control.

Setup SHORT $PENGU (max 10x)

🎯 Entry: 0.00866 - 0.008764

🛑 SL: 0.008764

✅ TP1: 0.008573

✅ TP2: 0.008451

✅ TP3: 0.00833

• Pudgy Penguins parent Igloo shuts down Abstract after tens of millions in losses
• Pudgy Penguins-backed Abstract to shut down after ‘tens of millions’ in losses

Would you fade the bounce on $PENGU, or wait for the breakdown?

Trade $PENGU here 👇

#PENGU #MarketStructure #TradingSetup