🔴 $PENGU - SHORT
Trade Plan: Current Price: ~0.00635
Entry Zone: 0.00642 - 0.00658
SL: 0.00668
TP1: 0.00608
TP2: 0.00582
TP3: 0.00548
The chart shows a failed breakout above 0.00658 that swept buy-side liquidity before reversing with a long upper wick and heavy sell volume. Our Entry Zone 0.00642-0.00658 captures the exact liquidity pool and underside of broken resistance. Bearish order-block rejection plus rising sell delta confirm the trap is active. SL at 0.00668 sits above the fakeout high for tight risk. Targets align with next liquidity clusters at TP1 0.00608, prior range low TP2 0.00582, and extended move to TP3 0.00548. Classic meme fakeout mechanics favor this high-conviction short.
Did the 0.00658 breakout just trap the last bulls? What’s your PENGU play? 👇
DYOR & manage risk!
$PENGU
Trade Plan: Current Price: ~0.00635
Entry Zone: 0.00642 - 0.00658
SL: 0.00668
TP1: 0.00608
TP2: 0.00582
TP3: 0.00548
The chart shows a failed breakout above 0.00658 that swept buy-side liquidity before reversing with a long upper wick and heavy sell volume. Our Entry Zone 0.00642-0.00658 captures the exact liquidity pool and underside of broken resistance. Bearish order-block rejection plus rising sell delta confirm the trap is active. SL at 0.00668 sits above the fakeout high for tight risk. Targets align with next liquidity clusters at TP1 0.00608, prior range low TP2 0.00582, and extended move to TP3 0.00548. Classic meme fakeout mechanics favor this high-conviction short.
Did the 0.00658 breakout just trap the last bulls? What’s your PENGU play? 👇
DYOR & manage risk!
$PENGU