【PENGU｜Technical Analysis: CoinGecko Hot Search #2, Community Search Interest Surges】
Current price: $0.0100. For the next 4h, watch the range: MA7 $0.0097 / MA25 $0.0099.
Above: R1 $0.0109, R2 $0.0112; Below: S1 $0.0090, S2 $0.0076.
This zone is very crowded. R1 $0.0109 above is where the bears’ home is; S1 $0.0090 below is the bulls’ destiny. Just look at the range—MA7 is below MA25 on the 4h chart (MA7 $0.0097 / MA25 $0.0099); the moving averages aren’t lying.
4h ATR is $0.0004—about 4.4% of movement up and down. A normal shake can sweep orders. Hold above R1 to target R2 $0.0112; break below S1 to watch S2 $0.0076. Until the candle closes, do nothing.
In this spot, would you dare to go long? Or wait for a pullback like me?
$PENGU #PENGU #Cryptocurrency
Current price: $0.0100. For the next 4h, watch the range: MA7 $0.0097 / MA25 $0.0099.
Above: R1 $0.0109, R2 $0.0112; Below: S1 $0.0090, S2 $0.0076.
This zone is very crowded. R1 $0.0109 above is where the bears’ home is; S1 $0.0090 below is the bulls’ destiny. Just look at the range—MA7 is below MA25 on the 4h chart (MA7 $0.0097 / MA25 $0.0099); the moving averages aren’t lying.
4h ATR is $0.0004—about 4.4% of movement up and down. A normal shake can sweep orders. Hold above R1 to target R2 $0.0112; break below S1 to watch S2 $0.0076. Until the candle closes, do nothing.
In this spot, would you dare to go long? Or wait for a pullback like me?
$PENGU #PENGU #Cryptocurrency