Technical analysis by candle_crafts about Symbol PENGU: Sell recommendation (8/1/2025)

🔻 PENGU/USDT TRADE IDEA 🔻 📣 Hey CandleCraft crew! Today we’re diving into a chilly little bird that flew a bit too close to the heat. 🐧 PENGU pumped hard — but when team wallets start dumping $17M worth of tokens, that’s not bullish, that’s suspicious. Think iceberg ahead. 🔥 TRADE SETUP Bias: Short Strategy: Insider Selloff + Liquidity Sweep Entry: $0.036 – $0.038 SL: $0.041 TPs: $0.030, $0.025, $0.018 Why? – HTF sweep of liquidity above $0.04 – Insider wallet moved 485M tokens to exchanges – LTF CHoCH + RSI breakdown – Price hovering under 20-day EMA with weakening volume. Candle Craft | Signal. Structure. Execution.🔻 PENGU/USDT TRADE UPDATE 🔻 Our PENGU short idea is playing out as expected. After the insider dump and liquidity sweep above $0.04, price rejected perfectly from our marked entry zone. We’re now seeing bearish PA develop just below — exactly what we waited for. ✅ If you missed the first tap, watch for a return into $0.036–$0.038 with bearish confirmation (CHoCH/M5 BOS). That’s where we strike with precision. 🧠 The iceberg has cracked — let’s ride the drift down. 🐧❄️ 🔥 TRADE SETUP (Unchanged): Bias: Short Entry Zone: $0.036 – $0.038 (Confirmed Tap ✅) SL: $0.041 TPs: $0.030, $0.025, $0.018 Why Still Valid? – HTF sweep + insider exits still govern the structure – LTF stalling after inducement → confirms weakness – Perfect zone reaction + no bullish continuation Candle Craft | Signal. Structure. Execution.