🐧 $PENGU Chart Update – Quick Trade Analysis! 🐧
Remember the last time I was bullish on $PENGU after the bullish triangle breakout? We made +50% gains there! 🔥🤑
But currently, the outlook on the 4-hour chart (4H) looks pretty bearish.
Buying pressure is still low and price action could continue to the downside.
In my opinion, the price could drop again and potentially revisit the $0.01100 support level! 📉
🟩 Support: | $0.010600 | $0.01100 | $0.011800
🟥 Resistance: | $0.013050 | $0.013500 | $0.014800 $0.016300
💡 Bonus tip: 50% Fibonacci retracement is around $0.010500 - $0.010600.
If you see the right bounce signal, this could be a smart entry point!
I would keep an eye on the new setup, but honestly, patience is key. Sometimes the best way to trade is to wait for a real momentum shift! 🚦
What is your strategy for $PENGU…are you buying on dips, or waiting for more confirmation? Let’s discuss below! 👇😊
#pengu #MEME