$PENGU short setup at the line that decides the next move.
Reject 0.00745 → 0.00729, then 0.00719.
Reclaim 0.00760 → the idea is off the table.
I want to see the reaction before anything else.
What I'm seeing:
- 4H price 0.00744 below EMA50 0.00776: trend structure still favors sellers
- Risk 2.1% to SL vs 3.4% to TP3: about 1.6R if the full move plays out
- Daily below EMA200 0.00791: the bigger trend is on this side
🔴 SHORT · Entry 0.007429–0.007455 · TP 0.007348 / 0.007286 / 0.007192 · SL 0.007598
NFA · DYOR
Reject 0.00745 → 0.00729, then 0.00719.
Reclaim 0.00760 → the idea is off the table.
I want to see the reaction before anything else.
What I'm seeing:
- 4H price 0.00744 below EMA50 0.00776: trend structure still favors sellers
- Risk 2.1% to SL vs 3.4% to TP3: about 1.6R if the full move plays out
- Daily below EMA200 0.00791: the bigger trend is on this side
🔴 SHORT · Entry 0.007429–0.007455 · TP 0.007348 / 0.007286 / 0.007192 · SL 0.007598
NFA · DYOR