Quick Update on $PENGUIN trade
Watching the market now, $PENGUIN is consolidating after a strong impulsive move from the 0.04 base to the 0.09+ region. Price is pulling back toward short-term EMA support, indicating profit-taking rather than breakdown. Overall structure remains bullish as long as higher demand zones hold.
Trade plan
Entry: 0.082 – 0.086
Tg1: 0.092
Tg2: 0.098
Tg3: 0.108
Stop: 0.076
Bullish condition
Holding above 0.082 and reclaiming 0.092 with volume keeps momentum intact and favors continuation toward recent highs.
Alternate plan (breakout)
Entry: Above 0.098 (clean acceptance)
Tg1: 0.108
Tg2: 0.120
Tg3: 0.138
Stop: 0.088
Bullish condition
A strong breakout and sustained hold above 0.098 confirms trend continuation after consolidation.
Bearish invalidation
A breakdown and close below 0.076 invalidates the setup and signals deeper correction toward the 0.068–0.060 zone.
