🚨SIGNAL ALERT 🚨$PENGU / USDT SHORT SETUP
Funding Rate:
Neutral to slightly positive — no aggressive short squeeze risk for now.
Logic for Short:
Price entered into a strong supply zone (0.009300–0.009450 range).
Clear rejection candles seen on 1-minute chart.
No strong bullish continuation after hitting the supply.
Liquidity trapped above 0.009300, sellers are now active.
Small time frame structure showing lower highs forming after rejection.
Trade Plan:
Entry: 0.009271
Stop Loss (SL): 0.009452
Take Profit (TP): 0.008373
Important Notes:
1-minute chart, so scalp trade — quick execution needed.
If price consolidates too long around entry, better to exit early.
If volume increases on downside, trail the stop loss to secure profits.
$PENGU
Funding Rate:
Neutral to slightly positive — no aggressive short squeeze risk for now.
Logic for Short:
Price entered into a strong supply zone (0.009300–0.009450 range).
Clear rejection candles seen on 1-minute chart.
No strong bullish continuation after hitting the supply.
Liquidity trapped above 0.009300, sellers are now active.
Small time frame structure showing lower highs forming after rejection.
Trade Plan:
Entry: 0.009271
Stop Loss (SL): 0.009452
Take Profit (TP): 0.008373
Important Notes:
1-minute chart, so scalp trade — quick execution needed.
If price consolidates too long around entry, better to exit early.
If volume increases on downside, trail the stop loss to secure profits.
$PENGU
