Looking at PENGU's recent trend, the bullish signals are fully confirmed.
This is not a short-term pulse, but a trend driven by real capital inflows. After rebounding from the bottom around $0.010415, the price has risen with a very steep slope, with short-term resistance levels being broken one after another, and the long-term support line firmly in place. The entire trend has completely reversed, and the bears' momentum has been suppressed.
Looking at the trading volume further illustrates the point—there was a clear increase during the rally phase, with 24-hour trading volume surpassing 11 million USDC. Such buying power isn't something retail investors can generate; it’s driven by large funds leading this wave.
**Regarding how to operate**
My advice is straightforward: don’t chase the high. Wait for the price to retrace to the $0.0120-$0.0122 range, then entering with a small position would be more prudent. Or simply wait for it to test the recent key support level, which would reduce the risk of your position.
For taking profits, consider it in stages. First target $0.0126; if it stabilizes there, then look at $0.0128. If luck is on your side and it breaks the previous high, $0.0130 is within sight.
For stop-loss, I suggest placing it at $0.0118. Falling below this level would essentially signal the end of the short-term upward trend.
**Current stance**
PENGU’s rebound momentum is indeed strong. As long as $0.0118 holds, bulls can continue to hold their positions. Bears, don’t bother wasting effort—this is a clear bullish pattern, and trading against the trend will only get you trapped. Bulls should patiently wait for a pullback; low-cost entry is the right approach—chasing highs hastily is often the start of losses.
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MetaLord420
· 01-07 06:52
Hey, I think this wave of big funds entering the market could be a good shot to push forward.
Wait, now you're telling me not to chase the high again? This is a battle of wills.
If it breaks below 0118, just withdraw quickly. Don't think about bottom fishing.
Buying the dip is tempting, but the problem is how many can really resist the urge to chase.
This brother's profit-taking steps are quite detailed, take a page from him.
Brothers holding positions, stay strong, just don't get shaken out.
PENGU recently has shown some potential, but it still depends on how long the volume can be sustained.
View OriginalReply0
WhaleWatcher
· 01-06 17:03
Large funds are really pushing, this wave is different, the trading volume is right here, you can't fool anyone.
View OriginalReply0
BearMarketMonk
· 01-06 14:25
Wow, this wave of PENGU surge is quite fierce. Big funds have really entered the market.
View OriginalReply0
GameFiCritic
· 01-05 21:25
What does the trading volume exceeding 11 million USDC indicate? It suggests that the sustainability of this rebound is worth watching. But what I care about most is—can PENGU's gaming ecosystem support this wave of valuation? A trend driven solely by capital, once the incentive balance is disrupted, can easily collapse.
View OriginalReply0
SandwichTrader
· 01-04 12:51
Large capital inflows are different, and this wave of PENGU finally has some momentum.
View OriginalReply0
OneBlockAtATime
· 01-04 12:51
Large capital inflows are definitely different; this wave of PENGU really has something special.
View OriginalReply0
ReverseFOMOguy
· 01-04 12:37
Here comes the same old trick to cut leeks again, waiting for a pullback? No matter how it pulls back, there's always a reason to wait longer.
Can PENGU really break the previous high this time? It feels a bit uncertain.
Bullish pattern my ass, I think it's just the main force's final push before dumping.
Don't believe in big funds entering the market; is it really rare for the trading volume to break 10 million?
With a stop-loss at $0.0118, I feel like I should exit if it drops to $0.0115.
View OriginalReply0
GhostAddressHunter
· 01-04 12:34
Large funds have really come in, this time is different.
View OriginalReply0
SchroedingerAirdrop
· 01-04 12:23
Let's wait for the pullback before talking, don't get washed out by this wave of rise.
Looking at PENGU's recent trend, the bullish signals are fully confirmed.
This is not a short-term pulse, but a trend driven by real capital inflows. After rebounding from the bottom around $0.010415, the price has risen with a very steep slope, with short-term resistance levels being broken one after another, and the long-term support line firmly in place. The entire trend has completely reversed, and the bears' momentum has been suppressed.
Looking at the trading volume further illustrates the point—there was a clear increase during the rally phase, with 24-hour trading volume surpassing 11 million USDC. Such buying power isn't something retail investors can generate; it’s driven by large funds leading this wave.
**Regarding how to operate**
My advice is straightforward: don’t chase the high. Wait for the price to retrace to the $0.0120-$0.0122 range, then entering with a small position would be more prudent. Or simply wait for it to test the recent key support level, which would reduce the risk of your position.
For taking profits, consider it in stages. First target $0.0126; if it stabilizes there, then look at $0.0128. If luck is on your side and it breaks the previous high, $0.0130 is within sight.
For stop-loss, I suggest placing it at $0.0118. Falling below this level would essentially signal the end of the short-term upward trend.
**Current stance**
PENGU’s rebound momentum is indeed strong. As long as $0.0118 holds, bulls can continue to hold their positions. Bears, don’t bother wasting effort—this is a clear bullish pattern, and trading against the trend will only get you trapped. Bulls should patiently wait for a pullback; low-cost entry is the right approach—chasing highs hastily is often the start of losses.