I’m watching $PENGU push into a strong momentum phase on the 15m chart. After the breakout, price is pulling back slowly, which is exactly the type of structure I like—momentum first, cooldown second. I’m keeping it simple and trading the continuation.
Trade Setup (15m):
• Entry Zone: 0.01285 – 0.01300
• Target Point(s): 0.01345 first target, 0.01380 extension
• Stop Loss: 0.01260
Why this setup works:
I’m seeing a clean impulse move with steady volume behind it. The pullback is controlled, candles are holding higher lows, and MA5 is still above MA10—showing trend strength. As long as price stays above the pullback base, the continuation push has good probability.
