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$PENGU (1h) - Breakdown Rejection Short
Bias: Short
Entry (Zone): 0.00882 - 0.00898
Targets:
TP1: 0.00820
TP2: 0.00760
TP3: 0.00700
Stop Loss: 0.00925
Why this Setup:
I’m shorting the rejection from the recent resistance pocket because price is still trading below the prior swing area and the bounce is losing momentum. I want confirmation that sellers keep defending this zone, with downside continuation toward the next support shelves if the move fades.
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