$PENGU /USDT BEARISH SETUP đ§đ | BEAR FLAG BREAKDOWN IN PROGRESS â CAUTION ADVISED!
đ Current Price: $0.010095 (-1.39%)
đ Market Sentiment: Weak bounce attempts, trading near key breakdown zone â lower highs forming consistently.
đ KEY LEVELS TO WATCH:
đ» Resistance Zones:
âą $0.01040 â Local resistance
âą $0.01080 â Major rejection zone
âą $0.01100 â Bearish invalidation
đĄïž Support Zones:
âą $0.01000 â Psychological support
âą $0.00965 â 24h weak floor
âą $0.00950 â Breakdown trigger
đ» TRADE SETUP â SHORT POSITION IDEA
đ Entry Zone: $0.01010 â $0.01030 (on weak retest of resistance)
đŻ Targets:
âą TP1: $0.01000
âą TP2: $0.00965
âą TP3: $0.00930 (if momentum builds)
đ Stop Loss: $0.01100
đ TECHNICAL INSIGHT:
PENGU/USDT is showing signs of distribution and weakness, failing to hold above the $0.01040â0.01060 resistance band. A break below $0.00965 could spark a sharp move down. Bearish continuation likely unless bulls reclaim $0.011+. â ïžđ§
â ïž RISK MANAGEMENT TIP:
Keep position size small and risk <1.5% of your capital. Stick to your SL. In bearish setups, overexposure can quickly compound losses. đđ
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