$PENGU – READY TO RECLAIM THE HIGHS? BOUNCE IN MOTION!
• STRONG REBOUND FROM LOCAL SUPPORT
• BULLISH CANDLE FOLLOWING HAMMER WICK
$PENGU just bounced from the key support near $0.0418 after forming a strong hammer wick — a classic reversal signal. Price is now reclaiming $0.0425 with bullish momentum building on the 1H chart. If buyers sustain pressure, the next test will be the resistance at $0.0443 and potentially a retest of the recent high at $0.0459. Volume stability and recovery structure suggest bulls are stepping back in.
LONG SETUP
Entry: $0.0425 – $0.0430
TP1: $0.0443
TP2: $0.0458
SL: $0.0412
A confirmed breakout above $0.0459 could open the gates for a fresh rally. Keep an eye on volume and rejection wicks for confirmation.
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