Price rejected cleanly from a major supply area and printed a clear market structure shift on the lower timeframe. This reaction suggests sellers are still defending the level with strength. As long as price remains below this zone, continuation toward the downside remains the higher-probability scenario. Bias flips only if supply fails and structure reclaims. Patience > Prediction. Let the level decide. #Crypto #Altcoins #MarketStructure #PriceAction
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$PENGU is trading at a critical technical zone.
Price rejected cleanly from a major supply area and printed a clear market structure shift on the lower timeframe. This reaction suggests sellers are still defending the level with strength.
As long as price remains below this zone, continuation toward the downside remains the higher-probability scenario.
Bias flips only if supply fails and structure reclaims.
Patience > Prediction.
Let the level decide.
#Crypto #Altcoins #MarketStructure #PriceAction