Despite some views suggesting a "dead cat bounce," $PENGU /USDT is currently displaying signs of extreme oversold capitulation based on its RSI. This indicates a potential setup worth monitoring.

---
**$PENGU - SHORT Opportunity** 📉

Here is the proposed trade plan:

* **Entry:** 0.007835 – 0.007917
* **SL:** 0.00812
* **TP1:** 0.007631
* **TP2:** 0.00755
* **TP3:** 0.007387

---
**Analysis Behind the Setup:**

The 4H chart currently indicates a strong short setup with 75% confidence. This technical observation is reinforced by a clear bearish trend identified on the 1D chart. 🐻

---
Additionally, the 15M RSI is at an extreme level of 14.81, signalling deeply oversold conditions. Such low RSI readings often precede significant price movements. 📊

---
For trade confirmation, monitor for clear rejection at the specified Entry zone (0.007835-0.007917). This will help validate the short setup. 🎯

---
**Market Debate:** Is this extreme oversold RSI a potential trap for bullish traders, or does it signal further downside is imminent? 🤔

Trade here 👇