🔻 SHORT
$PENGU 💰 Entry: 0.007015
🛡 Stop-loss: 0.007193 (−2.5%)
🎯 Take-profit: 0.006802 → 0.006695
📈 A bearish engulfing candle just swallowed the prior green bar on PENGU — sellers took the baton and a short-term top is locked.
• EMA stack is fully bearish with a -6.4% spread, so every bounce is a counter-trend trade
• Price pulled back into EMA20 and rejected instantly, textbook spot for the trend to resume
• CVD falls in line with the breakdown — real selling pressure behind the engulfing candle
• Taker imbalance sits at -40% with OBI tilted to the ask side, order flow confirms distribution
• 4H and daily charts agree on direction, giving the short a favorable R:R with a tight swing stop
⭐ Score 77.7/100 ★★★★☆
Short the rejected pullback while price holds below EMA20 on a closing basis; stop just above the engulfing high.
💬 Short
$PENGU too, or taking the other side? Drop your call below.
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👉 Follow for hourly setups.