🐧 $PENGU/USDT Technical Update
📉 Daily & 4-Hour Chart: Clearly bearish, price is below all key EMAs.
⏱️ 1-Hour Chart: Price briefly rebounded above EMA50, touching key resistance area → classic bearish retracement.
⚡ Trading Idea (Short)
Entry: 0.009038 – 0.009108
Stop Loss: 0.009284
Targets:
TP1: 0.008861
TP2: 0.008791
TP3: 0.00865
📊 Condition Triggered: 1-Hour EMA50 breached + 15-Minute RSI <50 → short-term momentum weakening, high probability of downward movement.
Risk is controllable, trend is clear, patiently wait for entry.
