TF Invest
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$PENGU – Bearish reversal potential as price reaches parabolic exhaustion near 0.01318
Short $PENGU
Entry: now
SL: 0.0135
TP: 0.0121 – 0.0113 – 0.0105
On the 30m timeframe, $PENGU has undergone a massive vertical rally, climbing from the 0.0104 base to a local peak of 0.013183. The current candlestick structure indicates a potential exhaustion of the upward momentum, characterized by a small-bodied candle with a long upper shadow at the peak, followed by a bearish rejection candle. This price action shows that sellers are beginning to defend the psychological resistance zone above 0.013. Given that the price is severely overextended and trading far above the MA99 dynamic support, a technical mean-reversion correction to rebalance the market is highly probable. If the local resistance at 0.01318 remains unbroken, downward pressure is expected to drive the price toward the MA25 and previous consolidation zones.
{future}(PENGUUSDT)
Short $PENGU
Entry: now
SL: 0.0135
TP: 0.0121 – 0.0113 – 0.0105
On the 30m timeframe, $PENGU has undergone a massive vertical rally, climbing from the 0.0104 base to a local peak of 0.013183. The current candlestick structure indicates a potential exhaustion of the upward momentum, characterized by a small-bodied candle with a long upper shadow at the peak, followed by a bearish rejection candle. This price action shows that sellers are beginning to defend the psychological resistance zone above 0.013. Given that the price is severely overextended and trading far above the MA99 dynamic support, a technical mean-reversion correction to rebalance the market is highly probable. If the local resistance at 0.01318 remains unbroken, downward pressure is expected to drive the price toward the MA25 and previous consolidation zones.
{future}(PENGUUSDT)
إخلاء المسؤولية: تتضمن آراء أطراف خارجية. ليست نصيحةً مالية. يُمكن أن تحتوي على مُحتوى مُمول. اطلع على الشروط والأحكام.
PENGU
0.012029
+0.32%