$PENGU

Price is currently trading below EMA(7), EMA(25), and EMA(99), which indicates a bearish trend. The market is making lower highs and lower lows, showing selling pressure.

Support zone: 0.0098 – 0.0096

Resistance zone: 0.0106 – 0.0112

Trade Idea:

Sell / Short: Near 0.0106 – 0.0110 resistance if price shows rejection

Buy: Only if price breaks and closes above 0.0112 with good volume

Risky Buy: Near 0.0098 support with tight stop-loss

Trend Bias: Bearish 📉

Better strategy: Sell on pullbacks, wait for confirmation before buying.

⚠️ This is technical analysis, not financial advice. Always manage risk.

PENGU
PENGUUSDT
0.010122
-5.15%