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Chart Request $Pengu
$Pengu has been in a downtrend for a long time, and nothing in the PA suggests a reversal yet.
We just got a clean rejection from resistance, which also aligns with a bearish flag ,signaling potential continuation to the downside.
I’ll be watching it in two scenarios:
Buy lower if the next leg down completes, or
Wait for a breakout above the channel and then enter on the retest.
Until then, trend remains down.