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The setup on $PENGU looks like it’s teasing a breakout, but I’m watching one specific level before I trust it.
We just tapped that local high near 0.0118 and got rejected pretty fast. Since then, it’s just been ranging. The good news is the higher lows are still holding up on this daily timeframe, so the trend hasn't snapped yet.
If we can flip 0.011 into support, we likely fly. If not, I wouldn’t be surprised to see a quick sweep down to the 0.0095 area to grab some liquidity before the next real leg up.
The volume is decent but needs more kick to clear this zone. I'm staying patient for now.
What’s your move here? Holding or waiting for the dip?
#GateSquareMayTradingShare