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PENGUUSDT trade ideas

PENGU Topping Out? Targeting 30% Downside After Liquidity SweepPENGU has had an explosive run, but it now looks to be nearing completion of wave 5 of its current Elliott impulse. We’re approaching a key high at $0.04698, a likely liquidity grab zone — and potentially a great area to position for a short trade. 🧩 Short Setup Overview ➡️ Wave 5 Completion Incoming: Price is showing signs of exhaustion as it approaches $0.04698, where liquidity is likely stacked above the previous high. ➡️ SFP Trigger Zone: Watch for a swing failure pattern (SFP) at $0.04698 — confirmation for a potential short entry. ➡️ Psychological Resistance: The $0.05 level also sits just above — a classic psychological barrier that may get tapped or wicked into. 🔴 Short Trade Setup Entry: After a confirmed SFP at $0.04698–$0.05 Target (TP): Yearly Open (yOpen) — potential move of ~30% Stop-loss: Above post-SFP high R:R: Excellent asymmetry if setup confirms 🛠 Indicator Note In this analysis I'm using my own indicator called "DriftLine - Pivot Open Zones ", which I recently published. ✅ It helps highlight key open levels, support/resistance zones, and price structure shifts — all critical for confluence-based trade planning. Feel free to check it out — you can use it for free by heading to my profile under the “Scripts” tab. 💡 Educational Insight: How to Trade Wave 5 Liquidity Sweeps Wave 5 tops often trap late longs, especially when paired with psychological levels and key highs. ➡️ Patience is key — wait for a rejection pattern or SFP before entering. ➡️ Liquidity sweeps first — then the move. Final Thoughts PENGU is pushing toward $0.04698–$0.05, but this may be its final move up before correction. With the yearly open as a logical target, and clear confluence via DriftLine, this setup offers a clean short opportunity — if confirmation comes. Stay sharp, let price lead, and trade the reaction — not the prediction. _________________________________ 💬 If you found this helpful, drop a like and comment! Want breakdowns of other charts? Leave your requests below.
Short
by SiDec
5
PENGU/USDT: THE ULTIMATE FIBONACCI RETRACEMENT PLAY💎 THE GOLDEN SETUP: 5-Point Technical Confluence 1️⃣ FIBONACCI MASTERCLASS IN ACTION 0.5 Fib Level: $0.021181 (HELD PERFECTLY) ✅ 0.618 Golden Ratio: $0.017920 (Strong Support Zone) 0.786 Deep Retracement: $0.013920 (Ultimate Backstop) Current Position: Trading above 0.5 Fib = BULLISH CONTROL __________________ ❌ BEARISH Break below $0.029 (Channel support) Failure to hold 0.5 Fib level ($0.021) Volume declining on any pullback
Short
by ONE1iMPACT
1
$PENGU: Taking Profit and Watching for a TurnIf you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! PENGU has made a strong move off the 0.007 level, now it just popped cleanly out of consolidation beneath the key LOI at 0.032. That break gave us the signal we needed for continuation, and so far, the price has followed through nicely. But now, we’re approaching a zone where things could get a bit trickier. This advance is starting to look like a classic wave 3 impulse, and while there’s no clear confirmation of a top yet, signs are beginning to flash caution. That means it’s time to start watching for potential topping behavior—especially if we move into a broader consolidation phase. Here’s what’s on my radar: • Wave 3 Exhaustion? Still unconfirmed, but this could be the final leg of the wave 3 structure. • AOI or Key Level Rejection A stall or strong reaction near resistance could be a red flag. Channel parallel being reached. • Bearish Divergence on the EWO Momentum isn’t keeping pace with price. That’s often a precursor to a deeper pullback. No need to force the next move here. This thing could just keep ripping up, but I am being extra cautious here. Not only to look for a potential top, but if a retrace is given, a potential long add to my current trade. Taking profit at these levels makes sense, especially given the early entry from 0.012 and my trade plan. As always, trade what’s printed, not what’s hoped for. Stay nimble. Trade Safe! Trade Clarity!
Long
by CryptoKnee
1
PENGU Breakout Alert: Eyes on 36% Surge to 0.040Hello✌ Let’s analyze PENGU’s upcoming price potential 📈. BINANCE:PENGUUSDT has broken below its descending channel and quickly shifted into a bullish trend, supported by a noticeable increase in volume 📈. With this breakout structure in place, I’m expecting at least another 36% upside, with the main target around the 0.040 level. Continuation depends on volume sustainability and price holding above key short-term supports 🚀. ✨ Need a little love! We pour love into every post your support keeps us inspired! 💛 Don’t be shy, we’d love to hear from you on comments. Big thanks , Mad Whale 🐋
Long
by MadWhale
6
#PENGUUSDT #2h (ByBit) Broadening wedge breakdownPudgy Penguins printed an evening star then lost 50MA, seems to be heading towards 200MA support next. ⚡️⚡️ #PENGU/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Short) Leverage: Isolated (2.5X) Amount: 5.0% Entry Targets: 1) 0.030830 Take-Profit Targets: 1) 0.021034 Stop Targets: 1) 0.035740 Published By: @Zblaba CSECY:PENGU BYBIT:PENGUUSDT.P #4h #PludgyPenguins #Meme pudgypenguins.com Risk/Reward= 1:2.0 Expected Profit= +79.4% Possible Loss= -39.8%
Short
by TradingOn
1
Phemex Analysis #99: PENGU Explodes 480%!Will the Hype Continue?Pudgy Penguins (PENGU), a playful and increasingly popular meme coin, has recently made waves in the crypto market due to its rapid price movements and strong community support. Originally inspired by the beloved Pudgy Penguins NFT collection, PENGU has rapidly transitioned from niche interest to broader market phenomenon. In recent trading, PENGU surged impressively by nearly 480%, primarily fueled by major exchange listings and growing influencer endorsements. Currently trading around $0.041, PENGU has caught the attention of both meme-coin enthusiasts and seasoned crypto traders, sparking debates over its next big move. With significant market attention and notable volatility, traders now face an essential question: Is PENGU poised for further explosive growth, or should traders brace for a potential pullback? Let's carefully evaluate several likely scenarios. Possible Scenarios 1. Bullish Breakout (Continuing the Hype!) PENGU’s recent price action suggests bullish momentum may persist, especially if the community-driven hype continues. A decisive breakout above recent resistance at $0.046—particularly if supported by increasing trading volumes—could accelerate the bullish trend, targeting next levels at $0.05 and possibly the psychological level of $0.08. Pro Tips: Entry Strategy: Consider entering positions only after confirmation of a high-volume breakout above $0.046. Profit-Taking Targets: Plan partial profit-taking around next key resistance zones at $0.05 and $0.08 to manage risk effectively. Risk Management: Set tight stop-losses just below recent support levels around $0.035. 2. Short-Term Correction (Healthy Retracement) Given PENGU’s recent rapid rise, a short-term retracement to retest support levels around $0.035 or lower ($0.03) is likely. If this pullback happens on low volume, it could indicate a healthy consolidation rather than a full trend reversal. Pro Tips: Buying the Dip: Closely watch support at $0.035 and $0.03; a low-volume test of these levels might provide excellent entry points for traders who missed earlier rallies. Volume Monitoring: Ensure low-volume retracements—high volume during declines might signal deeper bearish pressure. 3. Bearish Reversal (The Hype Fades) As is typical with volatile meme coins, sudden reversals can occur if market sentiment swiftly changes. A high-volume drop below critical support around $0.035 could trigger more significant bearish sentiment, potentially targeting deeper support around $0.022 or even $0.0135. Pro Tips: Caution on Reversal Signals: Consider exiting or reducing positions if PENGU decisively breaks below key support levels with strong selling volume. Accumulation Opportunities: Long-term believers might use significant pullbacks toward $0.022 or $0.0135 as strategic accumulation opportunities after price stabilization occurs. Conclusion Pudgy Penguins (PENGU) currently sits at an intriguing juncture, offering traders both opportunities and risks. Traders should carefully watch the outlined scenarios, particularly breakout signals above $0.046 and support levels around $0.035 and $0.03. Through disciplined entry and exit strategies, attentive volume analysis, and vigilant risk management, traders can navigate PENGU’s volatility and potentially profit from its next big move. 🔥 Tips: Armed Your Trading Arsenal with advanced tools like multiple watchlists, basket orders, and real-time strategy adjustments at Phemex. Our USDT-based scaled orders give you precise control over your risk, while iceberg orders provide stealthy execution. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
$PENGU Taking a Breather? CSECY:PENGU Taking a Breather? Wave 4 May Be Brewing After a strong move, CSECY:PENGU looks like it might be pausing for breath. The recent action suggests we may have just wrapped up a small-degree Wave 3, with price now struggling to clear a key resistance level from earlier in the structure. That hesitation could mark the early stages of a Wave 4 correction...Conservatively. Here’s the zone I’m watching for a potential W4 pullback: - .236 to 50% retracement of Wave 3, measured from the Wave 2 low - Most Likely Target (MLT) sits right around the .382 fib - Keep an eye on time symmetry—Wave 4 may offset the time duration of Wave 2 - Price could react off the base channel as a support guide If this is a W4, it could give us a clean continuation setup into Wave 5—provided it holds structure and doesn’t overlap the Wave 1 territory. Stalking the pullback as it plays out, and am ready to react if we see support step in at the expected fib levels or the base channel. Trade Safe! Trade Clarity!
Long
by CryptoKnee
PENGU. Main trend. Trend reversal zone. 04 07 2025Logarithm. Main trend. Fresh cryptocurrency, which is being driven into hype. Locally now. Price at the median of the bowl. Buyer volume dominates. Most likely, there will be a large pump in case of a breakout. The chart is somewhat reminiscent of the Bitcoin chart, the reversal zones of this secondary trend, after the first local wave of growth. The first local, significant target is shown. There is a possibility of a helicopter, that is, to collect stops in both directions, and thereby dump passengers before a potential pump. Such cryptocurrencies (low liquidity, monopoly over the price due to the concentration of cryptocurrency in “one hand”) at a good time "the hamster is not scared", will be pumped up conditionally, like Shiba Inu (SHIB), driving the hype (raising the price over and over again, and coming up with positive news) and 0.5 million Twitter subscribers (X). Medium-term — long-term level zones are shown on the chart.
Long
by SpartaBTC
PENGU still has room!?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! The move off the low looked like a clean, completed impulse—sharp, decisive, and well-structured. After that, we got a double zigzag retracement. It ran a bit deeper than the textbook version, but still landed right in the normal range you’d expect for a healthy correction. From there, we saw another smaller-degree impulse form off the .007 pivot, suggesting bullish momentum was building again. Since the last update, PENGU has come a long way—more than doubling in price and now hovering around a most likely target for a wave 3. What’s notable is how it got there: not just by breaking above the 0.017 resistance, but by blowing through multiple base channels on solid momentum and healthy volume. We didn’t get the ideal depth for a retrace for a wave 2 before that breakout, but that doesn’t disqualify the larger count. In fact, from an Elliott Wave perspective, I still believe we haven’t seen a proper wave 4 to balance out the earlier wave (2). So I’m holding off on calling a top to this wave 3 just yet. Here’s what we’re watching closely now: The secondary impulse off .007 continues to build structure Ideally, the next pullback holds above the 0.027 or .022 region, signaling respect for previous support and AOIs That pullback needs to unfold correctively, not impulsively, to confirm bullish continuation The next trade setup I’m eyeing is that wave 4 into wave 5 move. I’ll be stalking this ticker closely as structure unfolds. Trade safe. Trade clarity.
Long
by CryptoKnee
3
PENGUUSDT 50%-150% potentialBINANCE:PENGUUSDT is showing a classic cup and handle breakout on the daily chart, supported by a strong upward move and a bullish structure. Price has successfully broken out of key resistance around 0.0173, and volume is picking up. If momentum continues, the projected target points toward the $0.045 level, suggesting a potential upside of 50%-150%. The setup remains valid as long as price stays above the handle low around 0.0141. Regards HExa
Long
by HexaTrades
PENGU Just Triggered a Massive Breakout! Key Levels to WatchYello, Paradisers! Are you watching what’s unfolding with #PENGU after months of quiet accumulation? Because this chart is finally waking up, and it’s happening right now. 💎After a prolonged bottoming phase that lasted approximately 162 sessions, PENGU has completed a classic cup and handle formation, and we’re now seeing the start of what could be a powerful breakout. 💎#PENGUUSDT has surged above the neckline resistance at $0.01680, and—more importantly, this breakout is backed by strong volume, giving the move real credibility. It’s not just a wick; it’s a genuine push. 💎Now that the neckline is broken, PENGU has room to push higher. But let’s be clear, price is likely to face moderate resistance at the $0.02280 level. That’s a spot where some short-term profit-taking can’t be ruled out, especially from early entries. It’s a natural reaction zone and a moment to watch for how price behaves under pressure. 💎Still, if momentum holds, the pattern suggests a potential move toward the $0.02820 to $0.03200 region. That zone is no joke. It includes the 61.8% and 78.6% Fibonacci retracement levels, two of the most powerful technical resistance points in any market cycle. This makes that area a major decision zone and one that should be approached with caution. 💎On the other side, support is now established between $0.01680 and $0.01500. This is the previous resistance zone, and any retest into this range is likely to see strong demand stepping in. It would not be surprising to see buyers defend this area aggressively, especially if the retest is clean and orderly. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. This is the only way you will make it far in your crypto trading journey. Be a PRO. MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise
1
Buy Trade Strategy for PENGU: Tapping Into Meme Culture and UtilDescription: This trading idea centers on PENGU, a meme-based cryptocurrency that has gained attention not only for its viral appeal but also for its effort to introduce real utility into the meme coin space. Unlike many short-lived meme tokens, PENGU combines strong community engagement with ambitions for ecosystem development, including NFT integrations, staking mechanisms, and cross-platform use cases. Its fast-growing community and increasing social media traction position PENGU as a potential breakout project in the ever-evolving world of digital assets driven by online culture. Despite its popularity, it’s important to understand that meme tokens like PENGU carry high levels of risk due to their speculative nature and susceptibility to rapid price swings influenced by hype, sentiment, and limited fundamental data. As always, a cautious and informed approach is essential when engaging with these assets. Disclaimer: This trading idea is provided for educational purposes only and does not represent financial advice. Meme coins such as PENGU are highly speculative and involve significant risk, including the potential loss of your entire investment. Always conduct your own research, evaluate your financial situation carefully, and consult a licensed financial advisor before making any investment decisions. Past performance does not guarantee future results.
Long
by MoonTradingForecast
Pudgy Penguins PENGU price analysis🪙 It seems that #PENGU is being sold off, and the price of OKX:PENGUUSDT has been stuck in consolidation at conditional highs for several days now, where positions are likely being redistributed. Nevertheless, if at the beginning of the year, after listing, the price of the #PudgyPenguins token was released into not even “free float,” but simply into “free fall,” now, for several months, it has been “held” in a controlled manner. 🐻 If our assumption is correct, then the price of #PENGUUSDT should adjust to $0.01 or, in the worst case, to $0.0065-0.0070 📈 And if we are wrong, then the price of #PENGU has every chance of breaking out through to $0.02 in the coming days. With a global target of $0.03 ⁉️ What is your opinion Is this a fundamental project that is doomed to grow, or just a manipulative memecoin toy? _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
PENGU | Time for a PullbackPENGU has experienced a parabolic rally, but the technical setup suggests a pullback is imminent. The RSI is approaching overbought territory, indicating exhausted bullish momentum. I think it will go way higher in the long term but now it's time for a pause. Key Technical Observations: Price has broken above the red resistance zone around $0.029 RSI nearing overbought conditions signals potential reversal Parabolic move lacks healthy consolidation patterns Strong gap between current price and support levels Expected Pullback Target: Primary support: Green zone around $0.024 Risk Factors: Meme coin volatility can extend moves beyond rational levels Strong momentum could push price higher before correction Market sentiment can override technical indicators The technical structure favors a retracement to retest previous resistance as support, providing a healthier base for future moves.
Short
by taika808