PENGU just gave a system entry on the 12H time frame.
📌 The black line represents entry points from the 3D and 1W time frames. It has acted as a key level in the past and has now been flipped into support again.
📈 Price is currently pushing into the pink box, which may act as short-term resistance. Keep an eye on how long it takes to break through this zone—if it lingers too long, we might see a temporary rejection.
🟢 OBV is rising
🟢 MACD is turning bullish
🟢 Fundamentals look very strong
I believe PENGU still has upside potential from here.
✅ Stick to the system—no guessing tops. Let price action guide the decisions.
Trade closed: stop reached
The position was opened on the 12H timeframe, but price has now closed below the PSAR, triggering the stop-loss.The black line support has been lost for now.
The bullish bias returns only if this level is reclaimed as support.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.