I'm tracking $PENG on Binance Square, and it's showing some major movement. Orderbook tape shows aggressive spot market buying absorbing book liquidity. This could be driving the pump and causing a squeeze around the resistance at $70.
Notice what's happening on the chart. The candles are getting absorbed, and there's a fierce battle around the resistance level. The volatility is insane right now, which could be setting up a short squeeze if the shorts can't unwind.
What's your take? Is this a buy signal or a setup for a big move? Let me know your thoughts.
$PENG #BinanceSquare
Notice what's happening on the chart. The candles are getting absorbed, and there's a fierce battle around the resistance level. The volatility is insane right now, which could be setting up a short squeeze if the shorts can't unwind.
What's your take? Is this a buy signal or a setup for a big move? Let me know your thoughts.
$PENG #BinanceSquare
