PENGU Technical Analysis: Current price 0.006343, 43% through the range; range low 0.006058, range high 0.006714
$PENGU Today: 0.006343, at 43% of the 4-hour range — the daily range is at 17%, also near its lower bound.
▬ Range on two timeframes
4-hour: 0.006058 ~ 0.006714, width 0.000656 (4.0 ATR, 10.35% of price), currently at 43%
Thickest volume zones: 0.006878~0.007572 (99 touches); 0.006260~0.006449 (19 touches)
Daily: 0.006045 ~ 0.007750, width 0.001705 (3.1 ATR, 26.88% of price), currently at 17%
▬ Technicals
ATR: 4-hour 0.000159 (2.50%), 1-hour 0.00006162 (0.97%), daily 0.000525 (8.27%)
4-hour EMAs 10/20/50 = 0.006322/0.006392/0.006671 (bearish alignment, with 2 EMAs overhead); daily EMA20 < EMA50 (bearish alignment)
Volume: average trading volume over the last 6 hours is 0.5 times the average for the previous 24 hours — volume is declining
▬ Futures positioning (Binance perpetuals)
Funding rate +0.0050% (longs pay) Open interest 402,885 ten-thousand tokens Retail long/short ratio 0.74 Top-trader long/short ratio 2.37
Retail traders are shorting while top traders are adding longs — this positioning actually leans bullish
▬ Whale reference (Hyperliquid)
Across the 3 addresses I track, PENGU has a combined net short position of 350K U (calculated at the current price of 0.006343; you can verify the figures yourself)
· wanyekest Short 14,280,400 tokens, entry 0.0335, current value 90K U
· ETH头号空头 Short 41,622,314 tokens, entry 0.006969, current value 260K U
· BobbyBigSize Long 129,017 tokens, entry 0.0282, current value 818 U
▬ Bias: Slightly bearish
Bullish support: Retail long/short ratio is 0.74, so shorts are crowded. Bearish support: The daily chart has bearish alignment; top traders are net short 350K U combined.
▬ What’s the situation now?
Price is at 43% of the 4-hour range: 5.8% (2.3 ATR) to the upside at 0.00671, and 4.5% (1.8 ATR) to the downside at 0.00606
The range is 4.1 ATR wide, making it a relatively wide sideways range; volume is declining at 0.5x
The current price is not close to either boundary. Price would need to move some distance in either direction before reaching an area with significant trading volume — entering here means both sides are in thin air
▬ How to trade it (mid-range: place conditional orders at both ends and take whichever triggers first)
Long
Why: 0.00606 below is the lower edge of a high-volume zone and acts as support; the retail long/short ratio is 0.74, so shorts are crowded
Entry 0.00606 ~ 0.00610 (price is 3.9% above the zone; only enter if it drops there, don’t chase)
Trigger: only count it if a 4-hour candle closes above 0.00610; a brief move above doesn’t count
Stop-loss 0.00599 (risk 0.00008 = 1.37%) — 0.4 ATR below the lower edge of the high-volume zone
T1 0.00626 (RR 1:2.2) → T2 0.00671 (RR 1:7.6)
Take-profit plan: Close the entire position at T1. Reason: both the 4-hour and daily charts are falling, against this trade. This is only a bounce/pullback within the range, so take profit at T1
Short ← This aligns with my bias
Why: The daily chart has bearish alignment; 0.00671 above is the upper edge of a high-volume zone and is resistance, not a target; top traders are net short 350K U combined, in the same direction
Entry 0.00667 ~ 0.00671 (price is 5.2% below the zone; only enter if it rises there, don’t chase)
Trigger: only count it if a 4-hour candle closes below 0.00667; a brief move below doesn’t count
Stop-loss 0.00678 (risk 0.00008 = 1.25%) — 0.4 ATR above the upper edge of the high-volume zone
T1 0.00645 (RR 1:2.9) → T2 0.00606 (RR 1:7.6)
Take-profit plan: Close the entire position at T1. Reason: the direction is right (both the 4-hour and daily charts are falling), but volume is only 0.5x, so it’s not worth taking the risk of giving back gains for T2
Feel free to disagree directly; I’d rather hear the opposing case.
The above is based on public data and my own calculations. It is not investment advice. Do your own research and take responsibility for your own decisions. Not investment advice.
$PENGU
$PENGU Today: 0.006343, at 43% of the 4-hour range — the daily range is at 17%, also near its lower bound.
▬ Range on two timeframes
4-hour: 0.006058 ~ 0.006714, width 0.000656 (4.0 ATR, 10.35% of price), currently at 43%
Thickest volume zones: 0.006878~0.007572 (99 touches); 0.006260~0.006449 (19 touches)
Daily: 0.006045 ~ 0.007750, width 0.001705 (3.1 ATR, 26.88% of price), currently at 17%
▬ Technicals
ATR: 4-hour 0.000159 (2.50%), 1-hour 0.00006162 (0.97%), daily 0.000525 (8.27%)
4-hour EMAs 10/20/50 = 0.006322/0.006392/0.006671 (bearish alignment, with 2 EMAs overhead); daily EMA20 < EMA50 (bearish alignment)
Volume: average trading volume over the last 6 hours is 0.5 times the average for the previous 24 hours — volume is declining
▬ Futures positioning (Binance perpetuals)
Funding rate +0.0050% (longs pay) Open interest 402,885 ten-thousand tokens Retail long/short ratio 0.74 Top-trader long/short ratio 2.37
Retail traders are shorting while top traders are adding longs — this positioning actually leans bullish
▬ Whale reference (Hyperliquid)
Across the 3 addresses I track, PENGU has a combined net short position of 350K U (calculated at the current price of 0.006343; you can verify the figures yourself)
· wanyekest Short 14,280,400 tokens, entry 0.0335, current value 90K U
· ETH头号空头 Short 41,622,314 tokens, entry 0.006969, current value 260K U
· BobbyBigSize Long 129,017 tokens, entry 0.0282, current value 818 U
▬ Bias: Slightly bearish
Bullish support: Retail long/short ratio is 0.74, so shorts are crowded. Bearish support: The daily chart has bearish alignment; top traders are net short 350K U combined.
▬ What’s the situation now?
Price is at 43% of the 4-hour range: 5.8% (2.3 ATR) to the upside at 0.00671, and 4.5% (1.8 ATR) to the downside at 0.00606
The range is 4.1 ATR wide, making it a relatively wide sideways range; volume is declining at 0.5x
The current price is not close to either boundary. Price would need to move some distance in either direction before reaching an area with significant trading volume — entering here means both sides are in thin air
▬ How to trade it (mid-range: place conditional orders at both ends and take whichever triggers first)
Long
Why: 0.00606 below is the lower edge of a high-volume zone and acts as support; the retail long/short ratio is 0.74, so shorts are crowded
Entry 0.00606 ~ 0.00610 (price is 3.9% above the zone; only enter if it drops there, don’t chase)
Trigger: only count it if a 4-hour candle closes above 0.00610; a brief move above doesn’t count
Stop-loss 0.00599 (risk 0.00008 = 1.37%) — 0.4 ATR below the lower edge of the high-volume zone
T1 0.00626 (RR 1:2.2) → T2 0.00671 (RR 1:7.6)
Take-profit plan: Close the entire position at T1. Reason: both the 4-hour and daily charts are falling, against this trade. This is only a bounce/pullback within the range, so take profit at T1
Short ← This aligns with my bias
Why: The daily chart has bearish alignment; 0.00671 above is the upper edge of a high-volume zone and is resistance, not a target; top traders are net short 350K U combined, in the same direction
Entry 0.00667 ~ 0.00671 (price is 5.2% below the zone; only enter if it rises there, don’t chase)
Trigger: only count it if a 4-hour candle closes below 0.00667; a brief move below doesn’t count
Stop-loss 0.00678 (risk 0.00008 = 1.25%) — 0.4 ATR above the upper edge of the high-volume zone
T1 0.00645 (RR 1:2.9) → T2 0.00606 (RR 1:7.6)
Take-profit plan: Close the entire position at T1. Reason: the direction is right (both the 4-hour and daily charts are falling), but volume is only 0.5x, so it’s not worth taking the risk of giving back gains for T2
Feel free to disagree directly; I’d rather hear the opposing case.
The above is based on public data and my own calculations. It is not investment advice. Do your own research and take responsibility for your own decisions. Not investment advice.
$PENGU