🔥$PENGU Bearish but oversold, I'd Long for potential reversal on 1-hour timeframe
The latest candle shows low volume, suggesting selling exhaustion.
Capital Flow: Short-term net outflows (5m: +75K; 15m: +148K) are positive. This signal aligns with a potential bottoming process.
Entry Long $PENGU : 0.00972–0.00978 (lower Bollinger Band/Support) if bullish reversal signs appear (hammer candle, volume spike).
Stop-Loss: 0.00944, respecting the key support level.
Target Price $PENGU : 0.01005–0.01011 (resistance zone, aligning with MA20 and Bollinger mid-band)
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PENGUUSDT
Perp
0.00761
-2.18%