PENGU +18.6% on 2x volume — meme season just got a second wind 🐧
This isn't your average meme pump. PENGU just ripped from $0.0082 to $0.0097 with $40.3M volume — double the normal. The chart shows a clean breakout above SMA7 ($0.0095) and SMA25 ($0.0067) on the daily with RSI at 76.
📊 Why This Trade Works:
- 4H RSI at 69.5 = bullish but NOT overbought yet
- Daily MACD histogram positive and expanding = momentum fresh
- L/S ratio at 1.73 = heavy longs, but the volume supports it
- Volume ratio 2.09x = this is real buying pressure, not wash trading
🎯 Trade Plan:
Entry: $0.00937 - $0.00999 (4H SMA7 pullback zone)
Stop Loss: $0.01048 (above ATR invalidation)
TP1: $0.01007 | TP2: $0.01045 | TP3: $0.01084
Meme coins with community backing and volume surges can run WAY further than fundamentals suggest. Just size accordingly.
Are you aping into PENGU or fading the meme hype? 🐧
#PENGU #MemeCoins #DYOR
⚠️ Disclaimer: This is not financial advice. Trading crypto involves substantial risk of loss. Always do your own research and never invest more than you can afford to lose.
This isn't your average meme pump. PENGU just ripped from $0.0082 to $0.0097 with $40.3M volume — double the normal. The chart shows a clean breakout above SMA7 ($0.0095) and SMA25 ($0.0067) on the daily with RSI at 76.
📊 Why This Trade Works:
- 4H RSI at 69.5 = bullish but NOT overbought yet
- Daily MACD histogram positive and expanding = momentum fresh
- L/S ratio at 1.73 = heavy longs, but the volume supports it
- Volume ratio 2.09x = this is real buying pressure, not wash trading
🎯 Trade Plan:
Entry: $0.00937 - $0.00999 (4H SMA7 pullback zone)
Stop Loss: $0.01048 (above ATR invalidation)
TP1: $0.01007 | TP2: $0.01045 | TP3: $0.01084
Meme coins with community backing and volume surges can run WAY further than fundamentals suggest. Just size accordingly.
Are you aping into PENGU or fading the meme hype? 🐧
#PENGU #MemeCoins #DYOR
⚠️ Disclaimer: This is not financial advice. Trading crypto involves substantial risk of loss. Always do your own research and never invest more than you can afford to lose.