$PENGU /USDT Trading Signal – Short Opportunity 🔻


Current Price: $0.032934 (-8.61%)

Signal: Short Position

Entry Range: $0.032800 - $0.033200

Take Profit Levels:

🎯 TP1: $0.032500

🎯 TP2: $0.032200

🎯 TP3: $0.031800

Stop Loss: $0.033800

Technical Observations:

Bearish Momentum: The price is trading below all significant moving averages (7, 25, and 99 EMA), indicating a strong downward trend.

Resistance Level: $0.033800 serves as a resistance point, while support is weak at lower levels.

Trend Continuation: Continued bearish momentum suggests a further decline toward lower support levels.

Actionable Advice:
Consider entering within the specified range and target the profit levels sequentially. Place the stop-loss at $0.033800 to safeguard against unexpected upward reversals.

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