$PENGU is pressing into resistance after a quick squeeze, but the move appears overextended.
Entry (Short): 0.00675 – 0.00700
SL: 0.00745
TP1: 0.00625
TP2: 0.00565
TP3: 0.00495
Momentum is fading at supply, follow-through is thin, and highs are being sold into rather than breaking cleanly.
If sellers step in, a swift rotation back to prior liquidity is the likely outcome.
#pengu
Entry (Short): 0.00675 – 0.00700
SL: 0.00745
TP1: 0.00625
TP2: 0.00565
TP3: 0.00495
Momentum is fading at supply, follow-through is thin, and highs are being sold into rather than breaking cleanly.
If sellers step in, a swift rotation back to prior liquidity is the likely outcome.
#pengu