๐จ $PENGU TRADERS โ A MAJOR SUPPLY EVENT IS APPROACHING.
Pudgy Penguins is scheduled to unlock around 2.6B $PENGU tokens on October 17, worth roughly $40M+ at recent prices.
But traders should NOT automatically treat an unlock as bearish.
๐ Watch the reaction:
๐ข Price holds support + spot volume rises
โ buyers may be absorbing the supply
๐ด Support breaks + sell volume expands
โ distribution pressure is strengthening
โก Sharp wick down + fast reclaim
โ possible liquidity sweep
๐ Price stays strong despite the unlock
โ relative strength becomes the signal
๐ฅ The calendar tells you WHEN to watch.
Price action tells you WHAT to trade.
Donโt short just because thereโs an unlock.
Donโt buy just because the dip looks cheap.
Wait for confirmation.
๐ Save this setup before October 17.
#PENGU #Crypto #Trading #Altcoins #Zyverra
Pudgy Penguins is scheduled to unlock around 2.6B $PENGU tokens on October 17, worth roughly $40M+ at recent prices.
But traders should NOT automatically treat an unlock as bearish.
๐ Watch the reaction:
๐ข Price holds support + spot volume rises
โ buyers may be absorbing the supply
๐ด Support breaks + sell volume expands
โ distribution pressure is strengthening
โก Sharp wick down + fast reclaim
โ possible liquidity sweep
๐ Price stays strong despite the unlock
โ relative strength becomes the signal
๐ฅ The calendar tells you WHEN to watch.
Price action tells you WHAT to trade.
Donโt short just because thereโs an unlock.
Donโt buy just because the dip looks cheap.
Wait for confirmation.
๐ Save this setup before October 17.
#PENGU #Crypto #Trading #Altcoins #Zyverra