PENGU: A strong directional move can still leave an awkward entry.
🔴 SHORT
$PENGU /USDT · CRYPTO FUTURES
Status: Waiting for a pullback into the zone.
The trade-off
Main risk: The closed 1h price is 4.4 ATR below EMA50; a bounce could precede continuation.
Why it remains on watch
The 4h EMA structure favors SHORT, but the closed 1h price is extended; a counter-move could precede continuation.
• 4h bearish EMA50/200 stack; 1h bearish.
• 1h RSI 23.7: supports SHORT.
• 15m DI+ 11.3 / DI− 35.2: leans SHORT; ADX 53.9 measures strength.
The levels
Entry: 0.006552 – 0.006581
TP1: 0.006242 (-4.9% | 0.75R) [projection]
TP2: 0.006026 (-8.2% | 1.25R) [projection]
TP3: 0.005702 (-13.2% | 2.00R) [projection]
SL: 0.006998 (+6.6%) [1h swing]
Percentages/R: zone midpoint, before costs. Projections are not observed S/R.
TP1 net est. 0.66R at worst zone edge; fees 5 + slippage 2 bps/side. Funding excluded.
Entry review: Wait for price in the zone, then review a closed 15m candle; no confirmed entry.
Invalid: SL 0.006998, 4h loses SHORT, or 1h turns LONG.
If triggered: exit 50/25/25% at TP1/2/3; stop to entry after TP1 (before costs).
Updated 05 Nov 19:16 UTC | Expires 05 Nov 19:46 UTC
Conditional analysis · NFA · Manage risk.
🔴 SHORT
$PENGU /USDT · CRYPTO FUTURES
Status: Waiting for a pullback into the zone.
The trade-off
Main risk: The closed 1h price is 4.4 ATR below EMA50; a bounce could precede continuation.
Why it remains on watch
The 4h EMA structure favors SHORT, but the closed 1h price is extended; a counter-move could precede continuation.
• 4h bearish EMA50/200 stack; 1h bearish.
• 1h RSI 23.7: supports SHORT.
• 15m DI+ 11.3 / DI− 35.2: leans SHORT; ADX 53.9 measures strength.
The levels
Entry: 0.006552 – 0.006581
TP1: 0.006242 (-4.9% | 0.75R) [projection]
TP2: 0.006026 (-8.2% | 1.25R) [projection]
TP3: 0.005702 (-13.2% | 2.00R) [projection]
SL: 0.006998 (+6.6%) [1h swing]
Percentages/R: zone midpoint, before costs. Projections are not observed S/R.
TP1 net est. 0.66R at worst zone edge; fees 5 + slippage 2 bps/side. Funding excluded.
Entry review: Wait for price in the zone, then review a closed 15m candle; no confirmed entry.
Invalid: SL 0.006998, 4h loses SHORT, or 1h turns LONG.
If triggered: exit 50/25/25% at TP1/2/3; stop to entry after TP1 (before costs).
Updated 05 Nov 19:16 UTC | Expires 05 Nov 19:46 UTC
Conditional analysis · NFA · Manage risk.
