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$PENGUIN After a strong impulse move, price is now cooling down and moving sideways. This zone usually decides between continuation or a deeper pullback.
🟢 Bullish Scenario (Upload with the Bullish chart)
If price holds above support, the uptrend can continue.
Key Levels
Strong Support: 0.105
Base Support: 0.115
Pivot Zone: 0.120
Resistance 1: 0.145
Resistance 2: 0.168
Timeframe view
Short-term: Consolidation after strong move
1H–4H: Holding above pivot keeps buyers active
Momentum view: Trend stays positive above support
Continuation only works while support holds.
🔴 Bearish Scenario (Upload with the Bearish chart)
If price fails to hold support, a pullback may follow.
Key Levels
Local Resistance: 0.145
Current Zone: 0.120
Key Support: 0.105
Major Support: 0.085
Breakdown Area: 0.065
Timeframe view
Short-term: Weak follow-through after rejection
1H–4H: Loss of support weakens structure
Risk view: Momentum cools below support
After fast pumps, pullbacks are normal.
🧠 Final Note
This is personal market observation, not financial advice.