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๐ฐ $PENGU DISTRIBUTION BREAKDOWN
๐ฝ SHORT
โณ๏ธ ENTRY: 0.0095 โ 0.00985
๐ฏ TARGETS: 0.00934 โ 0.0091 โ 0.00886 โ 0.00841 โ 0.00785 โ 0.00730
๐๏ธ LEVERAGE: 10x
๐ด STOPLOSS: 0.0102
Price is showing signs of exhaustion after repeated rejection near the 0.0106 resistance zone. MA7 has rolled over while MACD continues expanding bearish momentum, indicating sellers are taking control in the short term. RSI is also weakening with structure forming lower highs, increasing probability of a deeper correction toward MA99 support zones. Any relief bounce into the entry range can be used for scaling shorts while the market remains below local resistance. Best execution is gradual DCA entries with patience, as volatility on $PENGU can produce sharp fake pumps before continuation downward.