Momentum flipped hard after a long period of compression, and the breakout came with strong follow-through instead of hesitation. $PENGU pushed vertically from the base and is now holding near the highs, showing no aggressive profit-taking so far, which usually keeps continuation on the table. The structure remains bullish as long as price stays above the breakout zone and doesn’t slip back into the prior range.
Trade Setup
Entry – 0.0124 to 0.0129
Target – 0.0136 | 0.0148
Stop Loss – 0.0117
Holding above support keeps buyers in control, while a clean hold near current levels would favor another expansion rather than a full pullback.