PENGU is showing a solid short setup on the daily timeframe right now. The recent market correction, combined with prevailing bearish sentiment, creates decent risk-reward conditions for this trade.
Here's the breakdown: • Entry: $0.0950 • Take Profit: $0.0107 • Stop Loss: $0.11050
Yesterday's sharp decline set the tone. The broader market context remains cautious, and PENGU's price action aligns with that downward pressure. The entry point captures a reasonable pullback level, while the tight stop loss protects against false breakouts. The profit target reflects the aggressive downside potential if selling pressure sustains.
This setup rewards patience—wait for confirmation at the entry zone before committing.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
11 Likes
Reward
11
5
Repost
Share
Comment
0/400
DYORMaster
· 15h ago
Shorting again? Wait for confirmation before entering, don't get caught in a trap.
View OriginalReply0
MultiSigFailMaster
· 15h ago
Is this TP at 0.0107? ... That's pretty aggressive. Can I catch the bottom to this extent?
View OriginalReply0
SignatureCollector
· 15h ago
The short opportunity looks good, but the stop-loss setting is a bit tight, so it might be easily wiped out.
View OriginalReply0
Gm_Gn_Merchant
· 16h ago
This short setup looks interesting, but the 0.0107 TP is a bit aggressive... Wait for confirmation before entering.
View OriginalReply0
ThatsNotARugPull
· 16h ago
Pengu, this one looks okay, but I'm worried it might be a false breakout again... Let's wait for confirmation before taking action.
PENGU is showing a solid short setup on the daily timeframe right now. The recent market correction, combined with prevailing bearish sentiment, creates decent risk-reward conditions for this trade.
Here's the breakdown:
• Entry: $0.0950
• Take Profit: $0.0107
• Stop Loss: $0.11050
Yesterday's sharp decline set the tone. The broader market context remains cautious, and PENGU's price action aligns with that downward pressure. The entry point captures a reasonable pullback level, while the tight stop loss protects against false breakouts. The profit target reflects the aggressive downside potential if selling pressure sustains.
This setup rewards patience—wait for confirmation at the entry zone before committing.