$PENGU

Clear downtrend first, then a V-shaped recovery from 0.00975 into 0.0105 area where it got rejected again. That rejection aligns with prior supply.

Now price is pulling back after tapping liquidity above short-term highs.

Bias: Range / corrective, not trending cleanly

Long area: Around 0.0100–0.0099 if support holds

Short area: 0.0104–0.0105 supply zone

Targets:

Upside: 0.0106 if breakout holds

Downside: 0.00975 liquidity sweep

Invalidation: Strong acceptance above 0.0105 flips it into continuation

This looks like a typical relief bounce into supply. Needs to prove strength before continuation.