🔻 SHORT $PENGU

💰 Entry: 0.006850
🛡 Stop-loss: 0.006954 (−1.5%)
🎯 Take-profit: 0.006702 → 0.006651

📈 A 46% upper wick rejects the bounce in one candle — sellers stepped in and just locked the short-term high on PENGU.
• EMAs stacked bearish with a 7.4% negative spread — trend structure favors sellers
• Price grinding right at EMA20 after a weak pullback, offering a low-risk re-entry zone
• Rejection candle 1.5x ATR on 1.5x average volume — sellers pressing with real size
• CVD confirms distribution and taker flow skews 20% to the sell side in real time
• 4H and daily trends agree, with favorable R:R before the EMA20 retest

⭐ Score 61.1/100 ★★★☆☆

Short the rejection, keep the stop tight above the fresh wick high, and stand aside if price closes back above EMA20.

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