Good Morning, ๐ $PENGU breakout holds above $0.0082 as short interest climbs above 11 million and daily short volume cools below one million.
SPOT SETUP: $PENGU ๐ง
Entry: 0.00848 โ 0.00880
TP1: 0.00900
TP2: 0.00950
TP3: 0.01020
Price is retesting the $0.0082โ$0.0084 breakout zone after reaching near $0.0090. The 4H structure shows recovery from a descending trendline, with the $0.0090โ$0.0095 area as immediate resistance. A decisive break above $0.0102 would confirm a higher high and strengthen the recovery structure. Meanwhile, Pudgy Penguins token went live on Robinhood Chain, and community events in Taipei on September 5โ6 are adding to brand momentum.
Risk: A sustained break below $0.0082 would invalidate the breakout structure and weaken the setup.
Does the brand momentum and multi-chain expansion outweigh the elevated short interest for you?
Educational only. Not financial advice. DYOR.
#pengu #penguiana #PENGUUSDT #Spot
SPOT SETUP: $PENGU ๐ง
Entry: 0.00848 โ 0.00880
TP1: 0.00900
TP2: 0.00950
TP3: 0.01020
Price is retesting the $0.0082โ$0.0084 breakout zone after reaching near $0.0090. The 4H structure shows recovery from a descending trendline, with the $0.0090โ$0.0095 area as immediate resistance. A decisive break above $0.0102 would confirm a higher high and strengthen the recovery structure. Meanwhile, Pudgy Penguins token went live on Robinhood Chain, and community events in Taipei on September 5โ6 are adding to brand momentum.
Risk: A sustained break below $0.0082 would invalidate the breakout structure and weaken the setup.
Does the brand momentum and multi-chain expansion outweigh the elevated short interest for you?
Educational only. Not financial advice. DYOR.
#pengu #penguiana #PENGUUSDT #Spot
