$PENGU Short Signal — Weak Bounce Fading, Sellers Regaining Control 📉

$PENGU made a relief bounce after the dump, but price failed to reclaim the previous supply zone and is now showing rejection near local resistance. Structure remains bearish, momentum is slowing, and this looks like a corrective move before another downside continuation. Sell pressure is still dominant while below resistance.

SHORT ENTRY

0.01120 – 0.01135

TARGETS

TP1: 0.01090

TP2: 0.01060

TP3: 0.01030

STOP-LOSS

0.01165

📉Lower high confirmed… bounce exhausted… continuation to the downside is expected if rejection holds.

PENGU

0.01061

-6.75%