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.
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PENGUUSDT trade ideas
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
$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!
PENGU/USDT - Divergence + OrderBlock = High R Setup📈The setup aligns with a key bullish order block, where price is expected to revisit before a potential continuation.
📉Entry is marked just below current price, anticipating a mitigation of the FVG + OB zone. Multiple confluences (sweep, BOS, RSI & volume divergence) add conviction to this move. If validated, we could see a strong bounce from the OB zone.🧠📉
Is $PENGU Cooling Off?CSECY:PENGU continues to deliver, respecting structure and printing some clean price action. After breaking out of consolidation beneath the LOI at 0.032, price extended sharply, reaching as high as 0.0469—where we just saw a firm rejection, previously identified in the last update.
That level wasn’t random. It aligned with a Most Likely Target (MLT) for a wave 5 at a lesser degree and a wave 3 at a higher degree. That kind of confluence usually draws in some heat—and it did.
So what now?
The conservative bull outlook is that we may be entering a wave 4. How this pullback unfolds could tell us a lot. The last retrace was shallow, and if this one digs a bit deeper or breaks certain levels with pattern clarity, that might signal a higher degree wave 4 is underway. The key level here is the 0.0325 level we were watching before.
The raging bull scenario is that we’re still in a lesser degree impulse up. A hold and bounce off the key level could be enough to continue the move higher. But I’m watching the conservative outlook here until we get more print.
Here’s what I’m watching:
• Wave 4 Behavior
Is this a pause or a pivot? The next leg depends on how corrective this gets.
• 0.027
A break here would raise eyebrows. That’s a deeper level of interest and could hint at something more than a minor pullback.
• Pattern Depth & Structure
Each retrace tells a story. More complex wave 4s tend to show themselves through drawn-out corrections or deeper fib targets.
I’m still holding partial from the original 0.012 entry, having taken some profit on the way up. If we get a clean W4 print, I’ll be scouting for the next add.
Trade what’s printed. Stay flexible. Let the wave show its hand.
Trade Safe.
Trade Clarity.
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.
Buy Trade Strategy for PENGU: Betting on Meme Power and CommunitDescription:
This trading idea highlights PENGU, an emerging meme-based cryptocurrency that has gained popularity through its strong community support and viral potential. Inspired by internet culture, PENGU represents more than just humor — it taps into the growing trend of community-driven tokens that generate momentum through engagement, social media buzz, and grassroots marketing. With a limited supply and increasing visibility across platforms, PENGU positions itself within a niche market where speculation, culture, and community collide.
While meme coins like PENGU can offer explosive short-term potential, they also carry high levels of risk due to their dependence on community sentiment and lack of traditional utility or fundamentals. Market dynamics can shift rapidly, and what gains popularity quickly may also fade just as fast. Therefore, any investment in PENGU should be approached with caution.
Disclaimer:
This trading idea is for educational purposes only and does not constitute financial advice. Investing in cryptocurrencies, especially meme tokens like PENGU, involves significant risk, including the potential loss of all invested capital. Always conduct thorough research, understand the speculative nature of such assets, and consult a financial advisor before making any trading decisions. Past performance is not indicative of future results.
PENGUUSDT Forming Falling WedgePENGUUSDT has recently formed a classic falling wedge pattern on the chart—a well-known bullish reversal structure that often precedes explosive upward price movements. As the wedge narrows and consolidates, it typically signals a decline in selling pressure, preparing for a significant breakout. In PENGU's case, this technical setup, paired with increasing volume, points toward a potentially massive upside of 300% to 350% or more, making it one of the most closely watched low-cap altcoins right now.
This crypto project has been attracting fresh investor interest across various social platforms and trading forums, signaling growing awareness and community engagement. The technical pattern aligns with recent shifts in market sentiment, and volume confirmation during the breakout would provide further confidence to traders. Historically, such setups in meme and low-cap community tokens have led to sharp rallies once momentum builds up, particularly when backed by enthusiastic investor sentiment.
Market conditions currently favor altcoin breakouts, and PENGU appears to be positioning itself for a parabolic move. Traders looking for high-risk, high-reward plays may find this pair especially attractive, given the technical clarity and strong accumulation signals seen at current levels. The confluence of pattern breakout, solid volume, and social buzz could create a perfect storm for significant upside.
As always, risk management is key, but the setup offers a compelling technical opportunity worth watching closely in the coming days. A confirmed breakout above resistance could kickstart the rally and attract further retail and speculative flow.
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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.
#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%
PENGUUSDT Daily Chart Analysis | Powerful Uptrend in PlayPENGUUSDT Daily Chart Analysis | Powerful Uptrend in Play
🔍 Let’s dissect the current PENGU/USDT daily chart, highlighting the unmistakable bullish structure and mapping potential targets as this trend matures.
⏳ Daily Overview
PENGUUSDT is riding a strong upward trend, with all three daily SMAs (7, 25, and 99) lined up in bullish sequence—clear confirmation of momentum. Recent rallies are also supported by textbook volume behavior: volume consistently surges during price climbs and tapers off during minor corrections, reflecting the classic signature of a robust uptrend.
🔺 Bullish Setup and Price Targets:
The next major upside target sits at $0.0910, almost 85% above the current level. For bulls, a daily candle closing above $0.043305 with convincing volume should act as a confirmation for fresh highs—though, as it’s Saturday, even moderate volume could suffice for a valid breakout.
📊 Key Highlights:
- All SMAs (7, 25, 99) confirming the uptrend on daily timeframe.
- Volume spikes on upward moves, fades on corrections—classic bullish confirmation.
- Historical trend velocity: Each time a new high (HH) is set, it’s preceded by around 5 days of advance; first leg was +83%, second +124%, the next (projected) is +160%, aligning with the $0.0910 target.
- Corrections: After each rally, pullbacks have measured about 15% and 20%. Should the first target be reached, expect a correction up to 25%—a healthy reset for further continuation.
🚨 Conclusion:
With all signals aligned—moving averages, volume dynamics, and historic price structure—the path remains bullish. A decisive close above $0.043305, especially with solid volume, could be the catalyst for the next major leg higher. As always, monitor for typical correction ranges post-breakout in line with the prior trend.
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
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 🚀.
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Pudgy Penguins (PENGU): We Might Go For Correction | Be CarefulPengu has had a good rally to upper zones, where we are almost near ATH, but this upward movement left behind 2 big bearish CME gaps, which we might be filling if we see one proper MSB to form.
So that's what we are looking for, a proper MSB, which would give us a good opportunity for short here!
Swallow Academy
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.
$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!
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.