【FOMO Alert】PENGU 0.031 Hits the Upper Bollinger Band! Huge Sell Wall Ambush, Intraday Bulls and Bears Death Battle Imminent
Summary: PENGU increased 3% in 24h but contract positions have seen a net outflow of 1.5 billion over 7 days, with spot market also bleeding, the price is close to the upper Bollinger Band at 0.032; if it breaks 0.0326 with volume, the sell wall can be seen at 0.035, conversely, if it retraces to 0.0299, buying liquidity will turn to short, and a 3% stop loss is essential to prevent a waterfall.
Key Range Structure
1. Value Anchor POC 0.0144 (2-week max transaction 20B), current price is far away at 115%, which is in the overbought zone.
2. High Volume HVN: 0.0302-0.0308 (18-19B transactions) forms intraday support; above 0.034-0.035 (4.7B transactions) is the bear defense line.
3. Low Volume LVN: 0.0173-0.0186, 0.0247-0.0253, if the price falls below 0.0299, it will quickly slide to 0.0278.
4. 70% Trading Volume Zone 0.0136-0.0331, current price is at the upper edge, at the edge of overbought.
Momentum Verification
• 0.030-0.031 Area Up/Down Volume 50.3%: 49.7%, bulls and bears are balanced, no unilateral dominance.
• The upper sell wall 0.0326-0.034 accumulates 274k-508k contracts, with sell pressure concentrated.
• 1h positions decreased by 1.91%, funding rate slightly favors bulls at 0.005%, with bears slightly dominant.
Market Cycle
Short-term is at the "high position oscillation end", while mid-term is still in a 3-month rising channel (+523%), but the outflow of contracts and spot suggests institutions are reducing positions, be wary of a stage top.
Trading Strategy
Aggressive: Current price 0.0310 lightly position a breakout long, stop loss at 0.0299 (outside HVN), target 0.034, risk-reward ratio 2.3.
Conservative: Wait for a retracement to 0.0299 LVN to appear ≥60% Up Volume to engulf the K line for a long, stop loss at 0.0289, target 0.032, risk-reward ratio 2.1.
Cautious: If it breaks below 0.0299 with volume (Down Volume > 60%), reverse to short, stop loss at 0.0311, target 0.0278, risk-reward ratio 1.9.
Risk Warning
• If the sell wall 0.0326-0.035 continues to increase orders, a failed breakout will trigger a bull capitulation.
• Continuous net outflow of contract positions for 7 days, if it accelerates, the price is likely to drop quickly.
• Single risk ≤1% of funds, avoid low liquidity periods, and strictly adhere to stop loss.
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