$PENGU
Large long liquidation at $0.00612 confirms a failed breakout attempt. Price swept upside liquidity and reversed sharply, indicating smart money distribution above resistance.
Trend: Bearish continuation after liquidity grab
Key resistance: $0.00615 – $0.00630
Key support: $0.00570 – $0.00530
The structure shows rejection wicks and inability to hold above the breakout zone. Momentum is fading and volume supports downside continuation.
EP (Entry Price): $0.00600 – $0.00610
TP1: $0.00570
TP2: $0.00550
TP3: $0.00530
SL: $0.00635
• Trend shows clear rejection from supply with lower highs forming.
• Momentum confirms distribution after leveraged longs were forced out.
• Price is likely to seek downside liquidity toward $0.00530 where prior demand reacted.
PENGU
0.006154
+0.26%