This analysis took some time, but it was an enjoyable process overall. Based on the current price action and the strong team behind the project, I would consider positioning for a long on $PENGU

. While a short-term short position might work out, I personally prefer avoiding shorting altogether rather than taking that risk.

One important factor not included in this analysis is upcoming news and what $BTC does diffcult to predict at the moment but will ultimately play a significant role in determining the fate of altcoins. Keep this in mind when making trading decisions.