🚨 $PENGU - Potential Reversal in Play 🐧
Alright fam, let’s break this down like a pro trader on 3 Red Bulls ☕📉📈
📍 Current Price: $0.033788
📉 24H Move: -0.45%
📊 Pair: PENGUUSDT (Perp)
🔍 Here’s what’s happening:
1️⃣ Price is sliding back into the FVG (Fair Value Gap) — This usually signals smart money is loading up 🔁. It’s like the market saying “Wait... let’s fill in that gap before the next leg.”
2️⃣ Holding above key support at $0.031 — Super important. If this zone breaks, bulls might 🧎♂️. But for now? Holding strong 💪.
3️⃣ First Target: $0.03796 📌
That’s our boss-level resistance. If bulls can slam through this ceiling like a wrecking ball 🧱💥...
4️⃣ Next Zone: $0.04 – $0.045 🚀
This is where the party starts. If volume kicks in and we get a solid breakout, expect fireworks.
⚠️ But here’s the twist:
Everything depends on holding that $0.031 level. If it fails, we could wick down into panic sell zones 🧨. But if it holds, this could be the reversal signal we’ve been hunting for.
🔥 My take:
This chart smells like a setup. A calm before the breakout. Accumulation is lowkey happening. RSI is chillin', and volatility's been suppressed. Something’s brewing... and it ain’t coffee. ☕👀
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This is written and belongs to @BRITNEY_S ✍️✨