This section feels more like I’m watching how the main players are putting on a show, not just staring at a single K-line. $PENGU keeps repeatedly testing higher—everything looks busy on the surface, but in reality, every time it’s pulled higher, someone dumps into the move. The closer it gets to the top, the more it feels like there’s no real enthusiasm left.

What really drew my attention is PENGU repeatedly grinding in the key level range, yet never manages to effectively absorb the sell orders. A lot of people see it going sideways and assume another surge is coming—I, on the other hand, feel that something’s already off here. The funds are using the bounce to distribute, not continuing to raise the platform. So around 0.008192, I followed a short position; the core is to see the pullback that confirms after the highs face pressure.

Now the price is being pushed down to 0.005908, with a return rate of +1978.3%. The market’s room has been released pretty smoothly. To put it plainly, the direction isn’t shouted out—it’s revealed step by step through fund behavior.

For now, I’ll handle it first in batches using an 80/20 split: protect the profits first, and then see whether the remaining position can hold up against a rebound from the protection level. If you haven’t entered, don’t rush, and don’t chase; wait for the next opportunity to appear.

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