“PENGU broke below 0.032, is it the end of days or a golden pit? A single chart tells you where the market makers are lurking!”

【Quick Overview】

When the entire network is in panic selling, on-chain data shows that large holders are quietly moving their chips to the value center of 0.0369—this is reminiscent of last year's SOL at 20 dollars.

【Key Ranges and Trading Volume Insights】

1. Value Anchor Zone (POC): 0.0369, with 1.4B traded in the past two weeks here, long and short are balanced, the current price is 13% lower than POC, in the “oversold” quadrant.

2. High Volume Node (HVN): 0.0334, 0.0340, 0.0368, any rebound to these three walls will first be met with selling pressure.

3. Low Volume Node (LVN): 0.0307-0.0319, only 130 million traded, like a paper-thin floor, breaking this level could accelerate down to 0.0292.

4. 70% Trading Range: 0.0331-0.0384, the current price is close to the lower edge, entering “oversold” on a short-term basis.

【Momentum Validation】

• POC Zone Up/Down=49.7/50.3, long and short are balanced; 0.0319 gap Down Volume accounts for 65%, bears are still dominant.

• Holdings in the last hour decreased by 0.35%, but the price rose by 1.33%, the divergence suggests short-term short covering.

【Cycle Positioning】

The weekly chart is still in a bullish correction channel, and the daily chart is in the “panic selling tail end”, similar to the trend in September 2023, may soon enter the “bottom building - re-accumulation” phase.

【Trading Strategy】

• Aggressive: Place longs in the 0.0319±0.0003 range, stop loss at 0.0306 (below HVN + 0.5 ATR), target at 0.0334 (first HVN), risk-reward ratio ≈ 4.6:1.

• Conservative: Wait for a pullback to 0.0331 (lower edge of 70% range) and Up > 60% before entering, stop loss at 0.0320, target at 0.0369 (POC), risk-reward ratio ≈ 3.8:1.

• Cautious: Break above 0.0340 (HVN) with volume (Up > 1.5× average) before going long, stop loss at 0.0331, target at 0.0368, risk-reward ratio ≈ 3.1:1.

Risk Warning: If the 1-hour close falls below 0.0306, the strategy is invalidated, and reverse to short to 0.0292.

【LP Market Making Range】

It is recommended to place dual-sided liquidity in the range of 0.0310-0.0345: the lower edge is close to LVN support, the upper edge touches the first HVN, with neutral funding rates, high probability of filling orders, estimated annualized fees of 15-25%.

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Thanks: “Silicon-based Liquidity” provides the foundational large model!

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$PENGU