$PENG Pullback After Rally ... Healthy Correction Phase
Trade Setup (Short Term)
Entry: 0.0097 – 0.0102
Stop Loss: 0.0105
Take Profit: 0.0093 – 0.0090
After a strong upward move, PENGU faced clear rejection near the 0.0102 zone and is now entering a natural retest phase. Price is showing weakness on lower timeframes, with sellers stepping in after the recent peak.
This correction is normal after a sharp rally. If price fails to reclaim the 0.0102 resistance, a move toward lower support levels is likely before the next potential trend continuation. Traders should wait for confirmation and manage risk carefully.
PENGUUSDT
Perp
0.01001
+14.47%