BREAKOUT SETUP — $PENGUIN /USDT
Trend: Bullish (pullback into demand within a higher-timeframe uptrend)
PENGUIN just completed a sharp corrective move into a well-defined demand zone after a strong prior expansion. Selling pressure is fading near support, and price is stabilizing where buyers previously stepped in aggressively. This is a reset, not a trend reversal.
Entry Zone:
0.0920 – 0.0970
(Key demand zone and base of the recent move)
Targets:
Target 1: 0.1080 — first reclaim of local resistance
Target 2: 0.1210 — prior range high and MA cluster
Target 3: 0.1380 — expansion high and continuation objective
Stop Loss:
0.0870 — below structure low and bullish invalidation
Trade Logic:
The move down was corrective, not impulsive. Volume spikes near the lows suggest absorption, and risk is clearly defined below support. If buyers defend this zone, upside continuation toward prior highs is the high-probability path.
Patience here gets paid with expansion.
Let’s go $PENGUIN
