$PENGU - update:
Prices looks bullish on the daily, but be aware that the last daily candle close haven't confirmed the breakout [D1] 🔴
The 0.9500 & 0.9300$ are acting as key resistance, and many rejection can be see!
In my opinion, a retracement toward 0.7500 - 0.7200$ could be see and that would be much better/safer for a long entry!
⚠️Prices is consolidating [Ranging] between 0.009400 - 0.008400$ yet. [NEUTRAL - INCERTITUDE AREA]
💡Note that prices is also highly overbuy on the daily basis, suggesting that after thin 150% rally in few days, many early buyers will continue to book profits! ⚠️
💡I also see a bearish divergence [H4] suggesting that the uptrend momentum is weakest now! 📉
Without another strong FOMO or hype, I see no reason for #pengu to pump more! Chances to see a dump remain much higher at this stage!
Everything is in my charts! [levels S/R] #dyor
⚠️Even if this setup is invalidated, It's much safer to wait for a weekly candle close above 0.009500$ to confirm a clean HTF breakout, rather than beeing trap at such high prices!
