$PENGU is under pressure right now for one clear reason: liquidity was taken above, momentum flipped, and sellers pushed price straight back into a key demand area.

I’m watching this chart and what I see is a failed upside attempt near the recent high, followed by continuous lower highs. That move trapped late buyers. Once support flipped into resistance, price started bleeding slowly instead of dumping hard, which tells me this is controlled selling, not panic yet. Now price is sitting right on a reaction zone where the next decision happens.

Market read
I’m reading this as a bearish structure testing demand. Sellers are still in control, but downside momentum is slowing near the lows. This is the zone where either a relief bounce starts or the next leg down triggers if support fails.

Entry Point
I’m interested in a long attempt around 0.00700 – 0.00705, where price already showed a reaction.
If price loses 0.00695 with strength, I step aside and wait.

Target Point
TP1: 0.00735 – first resistance and bounce zone
TP2: 0.00770 – prior breakdown area
TP3: 0.00805 – major supply and trend decision level

Stop Loss
My stop is clean below 0.00680. If price holds below that, the demand fails and downside continuation is likely.

How it’s possible
This setup is possible because liquidity has already been cleared below recent lows and selling pressure is no longer impulsive. If buyers defend this zone, even a small shift in momentum can push price back into the range quickly. I’m not expecting a full reversal, just a structured move based on location and risk control.

I’m staying patient and letting price confirm the move.

Let’s go and Trade now $PENGU