$PENGU short — 0.00865 is the 4H line sellers have to hold.
0.00833 is next. 0.00883 breaks it.
The read:
• 4H price at 0.00864, below the EMA50 at 0.00926 — structure still favors sellers
• Risk 2.2% to SL against 3.6% to TP3 — about 1.6R if the move plays out
SHORT · Entry 0.008628–0.008660 · TP 0.008528 / 0.008450 / 0.008334 · SL 0.008838
Only take it inside the zone. Reclaim 0.008838 and the short thesis is dead — I'm out, no arguing.
#PENGU
0.00833 is next. 0.00883 breaks it.
The read:
• 4H price at 0.00864, below the EMA50 at 0.00926 — structure still favors sellers
• Risk 2.2% to SL against 3.6% to TP3 — about 1.6R if the move plays out
SHORT · Entry 0.008628–0.008660 · TP 0.008528 / 0.008450 / 0.008334 · SL 0.008838
Only take it inside the zone. Reclaim 0.008838 and the short thesis is dead — I'm out, no arguing.
#PENGU