PENGU is losing momentum after the recent push and showing signs of distribution this looks ready for a downside move
$PENGU SHORT
Entry zone $0.00645
Invalidation $0.00670
Targets
TP1 $0.00620
TP2 $0.00600
TP3 $0.00580
Setup reasoning
Lower highs forming after rejection
Weak bullish continuation
Selling pressure increasing on pullbacks
Buy and Trade $PENGU
PENGUUSDT
Perp
0.008503
-0.32%