đ„ $PENGU 1H Analysis: Capitulation Complete or Another Liquidity Sweep Incoming?
â° Timeframe Analyzed: 1 Hour (1H) Only
đ Market Bias: Bearish
$PENGU continues to trade inside a clear hourly downtrend after rejecting from the 0.00690 region and recently printing a fresh local low near 0.00601. Price remains below all major moving averages, indicating sellers still control short-term momentum.
đŻ Trade Setup
đŽ Preferred Setup: SHORT on Retest
Entry Zone: 0.00612 â 0.00618
Stop Loss: 0.00628
đŻ Targets:
TP1: 0.00600
TP2: 0.00590
TP3: 0.00575
Risk : Reward: 1:2.0 â 1:4.5
Trade Invalidation:
A confirmed hourly close above 0.00628 would invalidate the bearish setup and signal a potential trend reversal attempt.
#pengu #PENGUUSDTg #PENGUUSDT #Binance #crypto
â° Timeframe Analyzed: 1 Hour (1H) Only
đ Market Bias: Bearish
$PENGU continues to trade inside a clear hourly downtrend after rejecting from the 0.00690 region and recently printing a fresh local low near 0.00601. Price remains below all major moving averages, indicating sellers still control short-term momentum.
đŻ Trade Setup
đŽ Preferred Setup: SHORT on Retest
Entry Zone: 0.00612 â 0.00618
Stop Loss: 0.00628
đŻ Targets:
TP1: 0.00600
TP2: 0.00590
TP3: 0.00575
Risk : Reward: 1:2.0 â 1:4.5
Trade Invalidation:
A confirmed hourly close above 0.00628 would invalidate the bearish setup and signal a potential trend reversal attempt.
#pengu #PENGUUSDTg #PENGUUSDT #Binance #crypto