🐧 $PENGU: Bearish Bounce or Breakout? 🚨
Entry: 0.01060-0.01073
Target/TP: 0.010000, 0.009000, 0.085000
SL: above 0.01280
$PENGU is currently experiencing a relief bounce from a demand zone, but the macro trend remains bearish. 📉 Expect potential rejection around 0.01060-0.01073, which could trigger a drop towards 0.008596. A break above this zone suggests further resistance around 0.012358-0.012000 – a prime shorting opportunity.
Prioritize low leverage to minimize liquidation risk. If shorting the current zone (0.01060-0.01750), consider DCA around 0.0120000. A break below 0.008500 could lead to a further decline below 0.005000.
Be cautious of volatility and monitor $BTC closely, as its movements heavily influence the market. Don't hold if $PENGU breaks above 0.0124000, as the next target is 0.040195. 👀
#PENGUToken #BTC #CryptoTrading #BearishTrend 🐻
