$PENGU MARKET UPDATE
🚀 Price action:
Relentless uptrend—price just off fresh highs.
Momentum is strong across all timeframes.
RSI is hot, MACD still bullish, but 1h/15m showing some cooling.
📈 Support / Resistance:
Major resistance: $0.045
Minor resistance: $0.042
Support: $0.039 (strong), then $0.036
🔍 Outlook:
Bulls in full control, but this move is overextended.
Scalpers: consider quick longs on dips to $0.039—don’t chase.
Still no bearish divergence, but lower TF momentum is waning.
⚠️ Wait for structure break to short. Long only on clean deep dips.