$PENGU short: 0.00814 on the 4H is the line sellers have to hold.
Reject 0.00814 → 0.00792, then 0.00779.
Reclaim 0.00834 → the idea is off the table.
I want to see sellers lean on it, not price slide through it.
Why it's on my radar:
- 1H RSI 67, stretched, room to cool off
- Risk 2.6% to SL vs 4.1% to TP3, about 1.6R
- This is a fade against the trend, so the stop matters
🔴 SHORT · Entry 0.008118–0.008144 · TP 0.008005 / 0.007921 / 0.007795 · SL 0.008341
NFA · DYOR
Reject 0.00814 → 0.00792, then 0.00779.
Reclaim 0.00834 → the idea is off the table.
I want to see sellers lean on it, not price slide through it.
Why it's on my radar:
- 1H RSI 67, stretched, room to cool off
- Risk 2.6% to SL vs 4.1% to TP3, about 1.6R
- This is a fade against the trend, so the stop matters
🔴 SHORT · Entry 0.008118–0.008144 · TP 0.008005 / 0.007921 / 0.007795 · SL 0.008341
NFA · DYOR