PENGU's daily line has broken through the 0.03 value anchor area with increased volume. RSI at 82 indicates overbought conditions + accumulated sell orders in the order book. A pullback to 0.034-0.035 LVN is a low buy window, stop loss at 0.0328, target at 0.0425, risk-reward ratio of 3.3; if the volume drops below 0.0328, the bullish structure fails, and one should switch to shorting.

[Key Area Structure and Volume Distribution]

1. Value anchoring area: 0.0307-0.0318 (POC + 70% volume coverage)

• The 20-day cumulative trading volume is 23B, accounting for 70%, which is the core cost zone for bulls.

2. High Volume Node (HVN):

• 0.0307-0.0318: Price falling back to this level is very likely to attract buying support;

• 0.0425: Long-term sell wall at 1.52M, the first target for the short term.

3. Low Volume Node (LVN):

• 0.034-0.035: Only 9M traded, considered a 'void', high probability of a quick rebound after a pullback;

• 0.0378-0.0382: If it breaks below, it will directly test 0.0328.

4. 70% volume coverage area: 0.0143-0.0337, with the current price at 0.0373, which is at the upper edge outside of 1.2×ATR, overbought in the short term.

5. Momentum validation:

• The area above POC at 0.0307-0.0318 has an Up Volume of 57%, with buying slightly dominant;

• The pullback area of 0.034-0.035 LVN has Up Volume rising to 63%, confirming buyer initiative.

6. Auxiliary indicators:

• The upper Bollinger Band on the 1h chart at 0.03695 has been broken, with a divergence of 103%. A pullback is needed in the short term;

• MA200 at 0.0306, with a deviation of 21%, the medium-term trend remains strong;

• 24h contract positions increased by 16%, long-short ratio at 1.56, bulls are adding positions but the funding rate is only 0.008%, not overheated.

7. Order book anomalies:

• A sell order of 35.7B PENGU at 0.0425 has formed a significant resistance;

• A buy wall between 0.03-0.0305 has accumulated 47M, serving as key intraday support.

[Market Cycle]

Currently in a short-term consolidation phase after the 'mid-bull market acceleration stage':

• 14-day increase of 156%, net inflow from contracts at -2.2B, with some bulls taking profits;

• 30-day increase of 332%, long-term funds are still flowing in, and pullbacks are seen as an opportunity to enter.

[Trading Strategy]

Aggressive: Buy if a 5m level Pin Bar appears on the pullback at 0.034-0.035 LVN, stop loss at 0.0328 (-4.6%), take profit at 0.0425 (+21%), risk-reward ratio of 3.3.

Conservative: Wait for a pullback to POC at 0.0307-0.0318 and Up Volume > 60% before re-entering, stop loss at 0.0295, target at 0.0389, risk-reward ratio of 2.8.

Conservative: After breaking through 0.0425 with increased volume (≥1.5 times average volume), go long, stop loss at 0.0395, target at 0.0478, risk-reward ratio of 2.1.

[Risk Control Reminder]

• Key failure: 1h close below 0.0328 (recent HVN lower edge) and Down Volume > 55%, which damages the bullish structure.

• Position: Single risk ≤ 1%, ATR 0.0014, corresponding leverage ≤ 7 times.

• Time: Avoid the delivery period from 08:00 to 12:00 UTC+8 to prevent spike issues.

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$PENGU