$PENGU SHORT CONTINUATION! 📉
The sellers are firmly in control! $PENGU has broken down into a clear bearish sequence, printing lower highs and lower lows well beneath its primary dynamic indicators.
🔴 Entry: 0.00810
🎯 TP: 0.00710
🛑 SL: 0.00860
My Thoughts:
The trend structure is explicitly bearish. Price is trading far below the yellow 200 EMA (0.008777), confirming that the macro trend on the 1-hour timeframe favors the bears. Additionally, the white VWAP line (0.008187) is acting as a steep dynamic overhead ceiling, capping any short-term relief rallies.
By locking in an entry on a small retest around the 0.00810 zone, we set up a precise 1:2 risk-to-reward ratio. Placing the stop loss just above the recent lower-high cluster and the VWAP dynamic line gives us a 50-pip risk for a clean 100-pip extension down into the lower liquidity targets.
