$PENGU COILING HARD COMPRESSION BUILDING FOR ANOTHER EXPLOSIVE MOVE❗
Price just dipped from a local top of $0.017502 and is now consolidating near $0.014279, forming a tight descending channel. This kind of clean structure often signals pre-breakout compression.
We’ve already seen a BOS (Break of Structure) after reclaiming the $0.013617 low, and now we’re watching how price reacts around this mid-level range.
This setup shows signs of: • EQH > EQL rejection • Volume tapering off during pullback • Squeeze forming under key breakout zone
If momentum returns, price could aim to retest the weak high near $0.01750 soon.
Keep your eyes locked next leg could be explosive.