$PENGU This pull-up has some substance—within 15 minutes it basically chewed through 6 times the volume, and at the close it even pierced the upper bound of the range for nearly 20 K-lines.
This isn’t the kind of flimsy inflation—OI is increasing in sync; the 1-hour nominal increment is also up by over 7 points. It looks like fresh longs are actually coming in with real money to lift the sedan—this doesn’t look like shorts covering for a fake breakout. The funding rate is also climbing steadily: the share of active buying is clearly dominant, with the buy orders at a 1.51x level pressing down on the sell side.
More importantly, this order book’s anomaly percentile has hit 99.4%, the very first in the entire pool. Over 24 hours it traded 80 million U in volume—for a PENGU, that’s honestly a bit eerie.
Anyway, when you see a structure like this, my first reaction is not to chase the price; wait for a pullback and confirmation before making a move. $PENGU
This isn’t the kind of flimsy inflation—OI is increasing in sync; the 1-hour nominal increment is also up by over 7 points. It looks like fresh longs are actually coming in with real money to lift the sedan—this doesn’t look like shorts covering for a fake breakout. The funding rate is also climbing steadily: the share of active buying is clearly dominant, with the buy orders at a 1.51x level pressing down on the sell side.
More importantly, this order book’s anomaly percentile has hit 99.4%, the very first in the entire pool. Over 24 hours it traded 80 million U in volume—for a PENGU, that’s honestly a bit eerie.
Anyway, when you see a structure like this, my first reaction is not to chase the price; wait for a pullback and confirmation before making a move. $PENGU