PINGU (Pudgy Penguin Coin) Price Analysis & Trading Plan
Current Situation:
Market Cap: ~$568M
Trading Volume: ~$156M
Trend: Strong bullish momentum, but now at a major resistance zone around $0.0090–$0.0092.
Structure: Retesting major resistance; possible breakout or fakeout ahead.
Chart & Structure Observations:
Daily RSI: Highly overbought (risky for new buys at these levels).
Higher Timeframes (2D, 3D, 5D): Still have room for upside — long-term structure looks healthy.
Warning: Possibility of a fakeout above $0.0092 followed by a sharp correction toward $0.0076–$0.0073.
Entry Point:
Safe Buy Zone:
Wait for a dip toward $0.0076–$0.0073 if you are not already holding.
Buying here (~$0.0090–$0.0092) is risky unless a clear breakout confirmation happens.
Profit Targets:
First Target (TP1): $0.0110
Second Target (TP2): $0.0159 (only if a confirmed breakout happens above $0.0110)
Stop Loss:
Below $0.0070 (if price falls below 70s zone, bullish structure breaks).
Short-Term Outlook (April–May):
Watch for breakout confirmation above $0.0092 — if confirmed, targets toward $0.0110 next.
If rejection occurs, expect pullback toward $0.0073–$0.0070 support zones.