Pudgy Penguins (PENGU/USDT) Short Setup

6일 전

Pudgy Penguins (PENGU/USDT) has completed a clear impulsive five-wave move.
After the sharp extension in wave (5), price action is now showing signs of exhaustion.

🔻 Correction Expectation

The fifth wave looks complete, leaving room for a downward retracement.

Key level to monitor: 0.0279 support zone.

This area is the first likely target for the corrective wave.

💡 Short Strategy

A short position can be considered once bearish confirmation appears.

Look for signals such as an engulfing red candle, loss of momentum, or rejection from the highs.

Entry: near current highs after confirmation.

Target: 0.0279 support.

Stop-loss: just above the recent peak to manage risk.

⚡ Alternative View
If momentum unexpectedly continues, there could be a small extension above wave (5). However, probability favors a pullback rather than further upside.

✅ Conclusion
PENGU/USDT is in a prime short setup following a completed five-wave impulse.
Traders should closely watch for bearish signals to time entries.
The 0.0279 support remains the key target for the correction.

5일 전

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