$PENGU â 1H đ
Is PENGU quietly setting up for another leg after this breakout? The chart is getting interesting.
PENGU has built a clean sequence of higher lows and higher highs, pushing from 0.00755 to 0.009125. Price is also comfortably above the 0.008223 Supertrend, so buyers still control the 1H structure.
Current: 0.008885
Resistance: 0.009125 â 0.00920
Support: 0.00850 â 0.00822
đą Preferred long: 0.00845â0.00860 on a clean retest
đ SL: 0.00815
đŻ TP: 0.009125 â 0.00950 â 0.0100
What I like here is that PENGU isn't just printing one random green candle. The broader move has been building progressively, and recent market data also showed positive weekly momentum before this latest push.
That said, the order book is around 60% asks, so FOMO at 0.00888 isn't my play. A healthy retest would look way cleaner.
Bias stays bullish above 0.00822. A 1H close above 0.009125 is the level that could make things spicy. đ
#PENGU
Is PENGU quietly setting up for another leg after this breakout? The chart is getting interesting.
PENGU has built a clean sequence of higher lows and higher highs, pushing from 0.00755 to 0.009125. Price is also comfortably above the 0.008223 Supertrend, so buyers still control the 1H structure.
Current: 0.008885
Resistance: 0.009125 â 0.00920
Support: 0.00850 â 0.00822
đą Preferred long: 0.00845â0.00860 on a clean retest
đ SL: 0.00815
đŻ TP: 0.009125 â 0.00950 â 0.0100
What I like here is that PENGU isn't just printing one random green candle. The broader move has been building progressively, and recent market data also showed positive weekly momentum before this latest push.
That said, the order book is around 60% asks, so FOMO at 0.00888 isn't my play. A healthy retest would look way cleaner.
Bias stays bullish above 0.00822. A 1H close above 0.009125 is the level that could make things spicy. đ
#PENGU
