🚨 $PENGU Whats the Next Move??🚨
The MACD on the 1H chart is showing a flat pattern, with the signal and MACD lines nearly overlapping. This often signals indecision in market momentum and can be an early sign of a possible trend reversal.
🔍 Key Risks to Watch:
Price is below all key MAs (MA7, MA25, MA99)
RSI sits at 46, showing weakening buying strength
Volume dropping after a huge 24h spike ($4.02B)
📉 If PENGU loses $0.0300, a drop to $0.0290 or lower is likely.
📌 Takeaway:
Avoid chasing pumps. Wait for a confirmed breakout or bounce from key support before entering. Patience = Protection.
