PENGU has fluctuated 40,000 dollars again, sharing a few observed points

① At 0.033-34 (upper red box), the upper and lower shadows are very long, there could be many situations: are retail investors very divided? Is the big player distributing? Has new main funds entered?

② 0.031 is a key point, previous high + increased trading volume (lower red box), it has already retraced once (actually pierced), if this point is lost, it could be a bit dangerous

③ 0.033 is the opening price for Binance spot

Overall, my operation is quite conservative; I have almost left no bottom position at the SELL point, making money on the secondary market is not difficult, the real challenge is executing the exit mechanism