$PENGU – Overextended bounce into resistance, momentum fading

Trading Plan Short $PENGU ax 10x)

Entry: 0.0099 – 0.0104

SL: 0.0110

TP1: 0.0092

TP2: 0.0085

TP3: 0.0077

Price pushed up quickly into this resistance zone but the move looks more reactive than sustainable. Momentum is flattening, and follow-through on the upside is getting weaker.

When a bounce becomes overstretched and runs into supply like this, it often leads to a rejection and a fast pullback as sellers step in.

Trade $PENGU here 👇