This move didn’t suddenly weaken—it was already showing cracks in the order book. $PENGU During the advance, the surface looked lively, but in reality every time it went up there was a lack of sustained buy support. The closer the price got to the key levels, the more easily it was smashed back. I’ve been watching this contrast very closely.

At the time, I was focusing on PENGU’s performance around 0.008192. If it couldn’t push through, it could still hold for a while—but the longer it held, the heavier the overhang of sell orders above. A lot of people fear missing out on the rally, and once they see a small bounce they want to chase. My view is the opposite: this level is crucial. If the bounce fails, that’s the shorting window.

Now it has pulled back to 0.006217; the +1710.65% is already realized, and the market’s downside room has been released very directly. You don’t have to catch every leg to the full extent, but the volatility you’re entitled to should be handled without hesitation.

What matters more is what you do after taking profit: lock in part of it in batches first, and then let the rest follow with protective levels. If you didn’t catch it, don’t rush. Don’t chase shorts after the drop, and don’t chase individual orders—wait for the next opportunity.

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