$PENGU it's all your choice. If you pay attention, actually do some analysis, think rational, you still making money. It's just delusional hope, FOMO, clueless buying is who are losing. Just a small pump and you guys think the rainbow is coming, nah, it's just fake signal, mostly to liquidate some gambling short seller, and lure in long position so they can liquidate it later. It's simple: votality, unstability is the nature of it
$PENGU last chance to sell. This will go to 0.013 and even lower with very little chance of going up. Burning 15% doesn't mean anything as the market is not trading all the volume, whales are there, and they probably lobbied. My predictions weren't wrong, look at my profile post
I know, I do follow it. Do you remember the Abstract chain launch? They do it without considering the market impact and it significantly drop down. I don't hate them, but not trust
Lautaro67
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What happens is that there are several Twitter posts that were uploaded this week. Not just that, we are waiting for more from the pengu team to encourage investment.
This pattern I'm concerned about last few hours is really a manipulation move to save the price so they can post a tweet without any problem. After a small dump, now it's time for bear to go back.
Shortall
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$PENGU this pattern is really weird. We got 4 bottoms, and candlestick doesn't look like it is made by individual traders. Are we in a manipulation phase to save the price or to further crash it down? As 0.0148 is reached and it is barely going up with the sell pressure. Memecoins are not for holding, it is for mostly gamblers. Don't do anything stupid and blame the coin, there's still people making huge off it. It's just how it is, votality, instability is the natural of memecoins.
$PENGU I can't believe people are trusting a single tweet on X and some AI-Generated analysis that comes from a free ChatGPT model. And the hillarious thing is they never right, but people still hope for it. Here's a simple calculation of how much more market cap is needed for it to reach certain price, then y'all can have an idea how hard it is (not really hard tho, it is completely possible but remember, short sellers take easier profit from bull runner) • To reach $0.0166, the market cap needs to increase by ~$70M (+7.2%). • To reach $0.018, the market cap needs to increase by ~$160M (+16.6%). • To reach $0.02, the market cap needs to increase by ~$290M (+30%). How could that happens haha
Also, it looks like the biggest attempt to recover the price is now failed, and I have entered 2 short positions, one got 130% ROI and the other is 88% which I'm still holding. Just say it for fun.
Bulls got the confident, bears is evil and will take advantage of it. Be rational, FOMO IS WHAT MAKE YOU LOSE ON THIS MARKET
$PENGU is this drop just to liquidate some long position before going even further up, or the hype from Pudgy Penguins' X account just got dropped? It's all psychological game. Don't hope for a significant rise as no one is willing to put few hundred millions into a memecoin, even the creator themselves, unless somehow the whole market got a very very good news and the company has made some progress, which none of them existed yet. Recent Abstract chain launch caused it to drop ~24%, the confident point is not there anymore, we are in the "tug of war" zone, and bear got the advantage because there's just not so much cost to dump, than needing few hundred millions USD to pump it and doesn't even know if they can take the profit or it will crash before they sell. Not a financial advice, not technical analysis, and 100% not shitty ChatGpt content. Just a perspective from a chill guy on the market. #NotAnAdvice
$PENGU a good breakup point or just another fake signal? The reason behind this rise is fairly simple: a single tweet on X saying about the possibility of 15% supply be burned (IF NO ONE CLAIMS IT, BUT HOW COULD IT HAPPENS LOL). Remember the past: when it looks like it is rising, short sellers always take the profit, even in the dip down below. I would wait for some more candles to enter a small short position, and this time if it dips again, pretty sure it will further crash down. Don't FOMO, be rational. High risk high return.
Dudes using ChatGPT to post analysis but didn't even understand English 😂
Finch2674
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Bullish
📉🚀$PENGU It looks like you're referencing a 💯liquidation event related to PENGU (likely a cryptocurrency or token). 👍The liquidation value is $4.9689K at a price of $0.01487. Could you provide more context or details on this event? Are you looking for analysis or further clarification on what this means?💥
$PENGU this pattern is really weird. We got 4 bottoms, and candlestick doesn't look like it is made by individual traders. Are we in a manipulation phase to save the price or to further crash it down? As 0.0148 is reached and it is barely going up with the sell pressure. Memecoins are not for holding, it is for mostly gamblers. Don't do anything stupid and blame the coin, there's still people making huge off it. It's just how it is, votality, instability is the natural of memecoins.
$PENGU my last prediction were right, 0.015 has failed and new all time low is already there. Clocked in short profit at 0.0149. For the next 24hour, monitor the 0.014 zone, especially 0.0142-0.0145, if there's another failed attempt from the bull side, another great crash should occur soon, potentially hitting 0.012 or even 0.01. Short or long depends on your choice. Spot is not recommended as the perp market significantly affect spot's price. While others crying, I'm making the best income since the beginning of the year 😂
$PENGU bulls are exhausted surely, now it's time for bears to enjoy their beefsteak if 0.015 broke. I short it from 0.022 and made a good income, and will continue to short it until 0.012 I only follow this and some other coin, I don't do much technical analysis, I don't watch for signal, as these are mostly useless for a memecoin that's just 2 months old with a lot of whales. Most of my prediction comes from the psychological factors and game theory, not some shitty AI generated content or clueless hope.
$PENGU it all depends at this moment. If bulls failed to push to 0.0166, they will became beefsteak for bears 😆 A $4-5 futures position is recommended if you want to make some money during first days of Lunar new year