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Looking at PENGU's recent trend, the bullish signals are fully confirmed.
This is not a short-term pulse, but a trend driven by real capital inflows. After rebounding from the bottom around $0.010415, the price has risen with a very steep slope, with short-term resistance levels being broken one after another, and the long-term support line firmly in place. The entire trend has completely reversed, and the bears' momentum has been suppressed.
Looking at the trading volume further illustrates the point—there was a clear increase during the rally phase, with 24-hour trading volume surpassing 11 million USDC. Such buying power isn't something retail investors can generate; it’s driven by large funds leading this wave.
**Regarding how to operate**
My advice is straightforward: don’t chase the high. Wait for the price to retrace to the $0.0120-$0.0122 range, then entering with a small position would be more prudent. Or simply wait for it to test the recent key support level, which would reduce the risk of your position.
For taking profits, consider it in stages. First target $0.0126; if it stabilizes there, then look at $0.0128. If luck is on your side and it breaks the previous high, $0.0130 is within sight.
For stop-loss, I suggest placing it at $0.0118. Falling below this level would essentially signal the end of the short-term upward trend.
**Current stance**
PENGU’s rebound momentum is indeed strong. As long as $0.0118 holds, bulls can continue to hold their positions. Bears, don’t bother wasting effort—this is a clear bullish pattern, and trading against the trend will only get you trapped. Bulls should patiently wait for a pullback; low-cost entry is the right approach—chasing highs hastily is often the start of losses.