$PENGU kissing the Value Area High of the total range right now (on the Bybit perps trading pair)

Once this resistance is breached - which is to be expected - it snaps up 63% to Value Area Low of the upper range.

Either way sooner or later I expect new all-time-highs and full moon 🚀

How do we enter this trade?

1) either on a reclaim of a zone of around 0.0165

2) or on a backtest of the point of control around 0.014

Both levels act as ranges and can be front-run or wicked through for a liquidity grab.

Buying spot is a very +ev setup

Leveraging it with 2-2.5x and pulling margin once the trade is safe is also very good#NFPWatch