🚨 $PENGU / USDT – Bearish Trend (Short Signal)
The recent movement of PENGU indicates a clear selling pressure after the price failed to hold above the 0.01340 area.
On the 1H timeframe, the price structure has changed to an organized bearish path, indicating greater control by sellers during this phase.
🔻 Short Entry Zone:
$0.01240 – $0.01255
🎯 Take Profit:
• TP1: $0.01210
• TP2: $0.01185
• TP3: $0.01155
🛡️ Stop Loss (SL):
$0.01280
📉 Market Outlook
After a strong upward surge, PENGU has entered a stable bearish correction phase, forming consecutive lower highs and losing buying momentum.
Continued trading below the mid-range confirms the likelihood of further declines unless buyers can regain higher levels once again.
$PENGU currently under pressure… and the nearest direction is down until further notice.
