PENGU Liquidity Sweep – Long Reversal Play
🟢 $PENGU - LONG
Trade Plan:
Current Price: ~$0.006604
Entry Zone: 0.00635 - 0.00685
SL: 0.00605
TP1: 0.00785
TP2: 0.0091
TP3: 0.0108
The chart captures a classic meme liquidity sweep below the recent low followed by strong reclaim inside the shaded Entry Zone of 0.00635-0.00685 at current price ~$0.006604. Price printed a sharp V-reversal with bullish displacement and expanding volume exactly at this demand confluence (previous order block + 0.786 Fib). The large glowing green directional arrow points upward as market structure shifts from bearish to bullish. The red SL at 0.00605 sits safely below the sweep low. Green TP levels target previous supply zones and psychological round numbers where liquidity remains unfilled. This high-conviction reversal is supported by on-chain accumulation at these depressed levels.
Is PENGU ready for a sharp meme-driven impulse from this liquidity grab?
Click below for trade 👇
DYOR & manage risk!
