🚨 PENGU at $0.03433 — Bullish Rebound or Trap? 🐧✨
🛑 TRADE PLAN:
✅Buy zone: $0.0338–$0.0343
TP1: $0.040
TP2: $0.046
❌Stop: $0.032
🔹 Price Action: Currently at $0.0343 after a strong weekly rally of over 120%, though down ~7% today.
🧠 On‑Chain: Whale wallets increased holdings by 21%, showing growing long-term confidence.
💬 Sentiment: Social buzz and ETF rumors have turned market sentiment optimistic.
📉 Technical: Cup‑and‑handle breakout confirmed. Short-term target: $0.040.
📊 Momentum: MACD is bullish, open interest rising, but RSI near overbought levels.
⚠️ Risk: A deployer wallet recently moved $45M to exchanges — possible upcoming sell pressure.
🎯 Signal: Bullish if price holds above $0.034 with strong volume