Is PENGU About to Explode or Fake Out Everyone Again?Yello, Paradisers! Have you been watching #PENGUUSDT after its recent dip? Because if you haven’t, you might be missing out on a potentially explosive setup forming right now…
💎After placing a major high around $0.0460, PENGU entered a textbook ABC corrective wave. But that correction looks to be over now, and what’s emerging could be the beginning of a powerful bottoming structure.
💎#PENGU is currently facing a critical short-term resistance at $0.0360–$0.0364, a level that bulls must flip to ignite a stronger recovery. If they succeed, all eyes shift toward the 61.8% Fibonacci retracement at $0.0405, a major confluence level that aligns with a key horizontal resistance between $0.0405 and $0.0415. Expect heavy action here. Bulls will likely face real pressure at this zone.
💎However, and this is where it gets interesting, if PENGU breaks above $0.0415 with strength, then momentum could pick up fast, paving the way for a fresh rally towards new yearly highs between $0.0480–$0.0494.
💎On the flip side, support remains solid between $0.0312 and $0.0302. This zone isn’t just an ordinary support, it also holds a bullish order block (OB), offering extra protection and confluence. This is where the market is quietly showing signs of strength while the majority are distracted elsewhere.
Paradisers, strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler.
MyCryptoParadise
iFeel the success🌴
