$PENGU - LONG setup
Price is stretched, sitting 2.10 ATR above its 34-period average on the 30-minute chart, and that's the part that keeps me cautious rather than chasing. The broader trend and shorter-term momentum both lean bullish, and price holding above the 34 and 89 averages backs that up. But extension like this often needs to cool before a clean continuation. I'd rather wait for a pullback toward 0.01 than buy the stretch.
Entry: 0.01026 - 0.01029
SL: 0.01005
TP: 0.0105 - 0.01072 - 0.011
⚠️ Personal market insight, not investment advice. DYOR.
Price is stretched, sitting 2.10 ATR above its 34-period average on the 30-minute chart, and that's the part that keeps me cautious rather than chasing. The broader trend and shorter-term momentum both lean bullish, and price holding above the 34 and 89 averages backs that up. But extension like this often needs to cool before a clean continuation. I'd rather wait for a pullback toward 0.01 than buy the stretch.
Entry: 0.01026 - 0.01029
SL: 0.01005
TP: 0.0105 - 0.01072 - 0.011
⚠️ Personal market insight, not investment advice. DYOR.
