PENGU has turned around from the sluggish trend since the end of last year, and after the New Year, it surged to form a beautiful flagpole pattern. However, recent market consolidation shows some hesitation — as if testing the market's bottom line. From a technical perspective, KDJ continues to move downward, while RSI, although high, lacks subsequent momentum support. This set of signals suggests that short-term pullback pressure is gradually building.

If we need to identify a contingency plan, the 0.0115 level is worth paying close attention to, as it is the first line of defense in front of us. Once broken, the downward space could open further. Currently, the opportunity for bears is brewing, and investors who want to participate in the correction can prepare accordingly.