$PENGU short: 0.00865 is the 4H line sellers must hold. 0.00833 next, 0.00883 breaks it.
The read:
- 4H price 0.00864 sits below the EMA50 0.00926, so structure still favors sellers
- Risk 2.2% to SL against 3.6% to TP3, about 1.6R if the move plays out
🔴 SHORT · Entry 0.008621–0.008653 · TP 0.008521 / 0.008443 / 0.008327 · SL 0.008831
NFA · DYOR
The read:
- 4H price 0.00864 sits below the EMA50 0.00926, so structure still favors sellers
- Risk 2.2% to SL against 3.6% to TP3, about 1.6R if the move plays out
🔴 SHORT · Entry 0.008621–0.008653 · TP 0.008521 / 0.008443 / 0.008327 · SL 0.008831
NFA · DYOR