$PENGU just turned yesterday's high into today's floor. $0.008046 got broken and now it's holding as support, and that's the whole trade.
week is up 16.12%, day is up 8.19%, and pengu is outrunning btc by 8.2 points over the same 7 days. the 30 day picture still lags btc by 11.2 points, so this is a bounce proving itself, not a trend everyone's already priced in. setup score reads 10 out of 14, daily RSI sits at 57 which is the sweet spot, not overheated, and both daily and 4h MACD are printing positive. volume's only 1.18x the recent average, so this move is grinding.
i'm long the reclaim. a coin that turns resistance into support after an 8% day usually isn't done testing the air above it.
pengu trades at $0.008267 right now. if it holds $0.008046, i think it runs at the 10 day swing high of $0.008512, that's the room left above. if it loses $0.008046, i'm wrong on this and there's nothing to defend, that support was the whole argument.
holding $0.008046 or losing it?
follow me for more calls like this.
week is up 16.12%, day is up 8.19%, and pengu is outrunning btc by 8.2 points over the same 7 days. the 30 day picture still lags btc by 11.2 points, so this is a bounce proving itself, not a trend everyone's already priced in. setup score reads 10 out of 14, daily RSI sits at 57 which is the sweet spot, not overheated, and both daily and 4h MACD are printing positive. volume's only 1.18x the recent average, so this move is grinding.
i'm long the reclaim. a coin that turns resistance into support after an 8% day usually isn't done testing the air above it.
pengu trades at $0.008267 right now. if it holds $0.008046, i think it runs at the 10 day swing high of $0.008512, that's the room left above. if it loses $0.008046, i'm wrong on this and there's nothing to defend, that support was the whole argument.
holding $0.008046 or losing it?
follow me for more calls like this.
