PENGU is breaking down hard, the price is slamming through the last swing low and the market is screaming short. Momentum is piling, giving a clean entry window.
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$PENGU SHORT 📉 — Trade Plan
• Entry: $0.006546 – $0.006560
• Stop: $0.006750 (-3.0%)
• Target 1: $0.006455 (+1.5%)
• Target 2: $0.006225 (+5.0%)
• R/R 1:1.7 | Confidence 64%
The CHoCH just busted the bullish structure, CVD is pouring sell pressure, and a fresh FVG lines up with an order block, creating a POI confluence that forces the downside move. With the order block holding and the fair value gap still empty, the short side has a clear path to the next swing low.
A 3.0% stop is relatively tight on this volatility, so keep leverage modest, around 2x to 3x.
Take a partial at the first profit target around the next minor resistance.
Not financial advice — trade only what you can afford to lose 🙏
$PENGU #PENGUUSDT #THORChain #TradingSignals #Write2Earn