🚨 $PENGU Pullback Watch – Is the Penguin Ready to Fly Again? 🐧📉

1. 🎯 Trade Setup:

After a sharp rally that saw $PENG soar over 80% last week, the token is currently experiencing a classic pullback — not a crash, but a reset. Smart money sees this as a potential re-entry zone, especially as $PENG hovers around the 0.5 Fibonacci level near $0.0039–$0.0041.

Setup Idea:

📍 Entry: $0.0038–$0.0040

🛡️ Stop Loss: Below $0.0035

🎯 Targets: $0.0046 / $0.0052 / $0.0060

2. 📊 Current Price:

At the time of analysis, $PENG trades at $0.0040, holding support with a bullish pin bar forming on the 4H chart — a potential signal of buyer interest returning.

3. 📈 Market Structure:

$PENG remains in a bullish trend. The current pullback has respected key EMA levels and is forming a higher low. Price is compressing in a falling wedge — often a precursor to bullish continuation.

4. 💡 Pro Tip:

Don’t chase green candles — position in the red. Look for confirmation (like a bullish engulfing or volume spike) before entering. If the wedge breaks to the upside, this could trigger a wave of FOMO buyers — and you’ll already be in position. 🧠

🔥 The penguin may be chilling for now, but the next breakout could send it sliding straight into the spotlight. 🐧💥

📢 What’s your $PENGU target this week?