📌We have two types of indicators
📌Leading indicators and lagging indicators .
RSI is a lagging indicator.
📌A lagging indicator is an indicator that lags (market has done what it wants to do and is showing you as it is doing it.)
📌A leading indicator is showing you what is about to happen or likely going to happen and you bank on that to form a bias .
A typical example of a leading indicator is usdt dominance and btc dominance and alts dominance .
That’s another level of charting .
If you understand how those things work ,you will understand money movement.
You will understand general market direction .
Another leading indicator is support and resistance .
Trend lines , those ones tells you about potential movement that will happen .
That is why you can see your RSI showing market is over bought ,yet your Trendline is screaming we still have room for possible pump o
There is a resistance I might still go and touch , calm down and watch me.
So don’t just bank on RSI cos market can go double the distance it has gone especially if manipulation now sets in.
To stay ahead in this game, you must learn, relearn and unlearn.
📈 $PENGU Rallies 20% Amid Whale Activity and ETF Hype
In a surprising move, the price of $PENGU surged over 20% following a wave of whale accumulation and renewed speculation around a possible ETF listing. This comes as the Cboe officially filed a proposal for the Canary PENGU ETF, potentially the first of its kind tied to memecoins and NFTs.
🔍 What’s Driving the Surge?
• Whale Buying: Large wallets have been actively accumulating PENGU, signaling strong institutional interest.
• ETF Momentum: Cboe’s filing has reignited investor confidence, with many seeing it as a step toward memecoin legitimacy.
• Technical Breakout: Analysts are pointing to a bullish wedge breakout, with price now targeting the $0.015–$0.017 range — nearly 70% upside from current levels.
• Volume Spike: Trading volume has crossed $100M, confirming strong market participation behind the move.
💡 Final Take
PENGU’s recent rally isn’t just another meme pump — it reflects a deeper shift toward regulatory recognition and institutional entry. If the ETF materializes, it could unlock a new chapter for NFT-linked tokens. While volatility remains, the fundamentals behind this move deserve close attention.
#BinanceAlphaAlert #ScalpingStrategy #pengu