💰 $PENGU DISTRIBUTION BREAKDOWN


🔽 SHORT
✳️ ENTRY: 0.0095 – 0.00985
🎯 TARGETS: 0.00934 – 0.0091 – 0.00886 – 0.00841 – 0.00785 – 0.00730
🀄️ LEVERAGE: 10x
🔴 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.
PENGU1.67%
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MevStreetPhotographer
· 14h ago
The observation of RSI lower highs is very detailed; I learned from it.
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ForkAndChill
· 04-30 07:47
The target position is a bit far, can it reach 0.0073?
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SushiAndSlugs
· 04-30 05:28
This stop-loss is set a bit tight, a slight fluctuation to 0.0102 and it gets triggered.
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GateUser-7919e6b9
· 04-30 05:27
Wait for the rebound to around 0.0098 before considering entering the market.
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MintedAtDawn
· 04-30 05:11
Repeatedly testing 0.0106 holds, the short-selling logic is quite smooth.
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GasFeesAfterTheRain
· 04-30 05:10
Where is the support for MA99? It’s not marked on the chart.
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Rain-SoakedGlassLeverage
· 04-30 05:04
There are indeed many of these meme coin fake pumps; DCA is the right approach.
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OrigamiMountains
· 04-30 05:04
The MACD is expanding but the price isn't dropping significantly; it feels a bit like a divergence.
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GateUser-8ca669fd
· 04-30 05:04
PENGU this wave of volatility 10x can it really withstand it?
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