Put your coats back on penguins. It's about to get chilly!Pudgy has been on a fishy bull run for the last 3 months racking up 230 percent. It's time to chill out a bit while traders take some profit. Here is a great setup for a 14 percent short entry.
Price action is currently sitting slightly below support levels of .036. There are currently (2) 4 hour candles closed below the support zone indicating price action will likely slide into the lower support zone as marked on the chart. Price may break above the .036 resistance level into the small support zone of around ~.038. Make sure to set your stop loss slightly above this time so you are not in the liquidity zone if the bulls push back.
Trade ideas
#PENGUUSDT confirms a bearish impulse📉 SHORT BYBIT:PENGUUSDT.P from $0.034625
⚡ Stop loss $0.035646
🕒 Timeframe: 4H
⚡ Overview:
➡️ A Double Top pattern BYBIT:PENGUUSDT.P has formed, signaling a bearish reversal.
➡️ The price broke the $0.0355 support and is consolidating below, confirming seller strength.
➡️ Increasing sell volume confirms bearish control.
➡️ Main focus on targets in the $0.034–0.033 zone.
➡️ The POC at $0.03113 remains the ultimate bearish objective.
🎯 TP Targets:
💎 TP 1: $0.033947
💎 TP 2: $0.033369
💎 TP 3: $0.032948
BYBIT:PENGUUSDT.P Trade Recommendations:
📢 Hold short towards the TP zones.
📢 Watch for reaction around $0.0339 — partial profit-taking possible.
📢 Invalidation if price reclaims above $0.0356.
⚠️ As long as bearish pressure holds, the price is likely to continue towards TP2–TP3.
⚠️ A recovery above $0.0356 would invalidate this setup.
🚀 The signal confirms a bearish impulse — expecting further downside!
PENGU Update | Elliott Wave Cooling Before Final Push?Our original analysis anticipated this pullback and it’s playing out beautifully. Wave 3 wrapped up at 0.0466, and we’re now seeing signs of a healthy Wave 4 retracement.
Current Structure
Wave 3 completed from 0.0077 to 0.0466. Really strong wave 3.
Now retracing with:
- MACD bearish crossover
- RSI bearish divergence
And Wave 4 pullback zone is likely between 0.0305 – 0.0255 (Fib 0.236–0.382 of Wave 3)
We're now in the cool-down phase, with momentum indicators rolling over. The red box around 0.0185–0.0200 is key support. If that holds (Wave 1 high), structure remains valid for a Wave 5 extension.
Wave 5 Upside Targets are
0️⃣ $0.0438 – $0.0473 (Base case recovery)
1️⃣ $0.0523 (Typical Wave 5 projection)
2️⃣ $0.0640 (Extended Wave 5)
3️⃣ $0.0880 Parabolic (FOMO scenario, 10% chance)
Breakdown below Wave 1 invalidates the count (red box region). CSECY:PENGU has been leading the meme sector this cycle, and there’s no more "positive" news around NYSE:PUMP to drain liquidity yet. So, I believe we might actually see a shallow pullback.
This Wave 4 is likely the last dip before a clean leg up. Unless macro FUD derails the market, we expect continuation into Wave 5.
Patience is key. Let the retrace finish. Then… maybe moon. 🌝
PENGU Bearish DivergenceBINANCE:PENGUUSDT
Support Levels: 0.027229 (recent low, first target for a drop).
0.007599 (deeper support, longer-term target).
Resistance: 0.046859 (recent high, potential stop loss level).
Trade Setup:
Target 1: 0.027229 (short-term, ~25% drop).
Target 2: 0.022597 (mid-term, ~50% drop if bearish trend strengthens).
Target 3: 0.016001 (long-term, ~25% drop).
Stop Loss: 0.007599 (above recent high, ~25% above current price).
RSI Analysis: The RSI shows a bullish divergence (price making lower lows while RSI makes higher lows), suggesting potential upward momentum. Current RSI is around 70.30, nearing overbought territory (>70), so caution is advised.
PenguCurrent Situation (as depicted in the image):**
* **Asset:** PENGUINSDPERP PERPETUAL MIX CONTRACT (presumably a cryptocurrency perpetual future).
* **Timeframe:** 4D (4-day candles).
* **Your Position:** You are in a short position, and it looks like you are currently in profit, as indicated by "my short with profit."
* **Your Exit/Take Profit:** The blue line marked "SL" (which is typically Stop Loss, but you've indicated it as your "exit") is at approximately $0.017000.
* **Price Action:** The price has recently experienced a significant upward move, currently trading around $0.043089.
* **Moving Averages/Indicators:** There are several lines that appear to be moving averages or similar indicators (green, light blue, dark blue). The fast VWMA is 45, and the slow RMA is 48.
* **Resistance/Supply Zones:** There are red boxes indicating potential resistance or supply zones. One is currently being tested around $0.043-$0.045. Another lower one was previously breached.
* **Support/Demand Zones:** There's a green box indicating a potential support or demand zone around $0.009-$0.010.
**Trading Idea - Managing Your Current Short Position:**
Given that you're already in a short position and in profit, the key is to manage it effectively.
**1. Re-evaluate Your "Exit" (Blue Line at $0.017000):**
* You've stated the blue line at $0.017000 is your "exit." If this is your **Take Profit (TP) target**, it's quite ambitious given the current price of $0.043089. This would imply a very significant drop.
* If this was originally your **Stop Loss (SL)** for a *previous* long trade that you've now flipped to a short, or if it's a stop-loss for *this* short trade but you misspoke, it's very far below the current price and would mean you'd take a huge loss if the price were to rebound from current levels to that point while you're short.
* **Clarification Needed:** Please clarify if the blue line is your Take Profit for the short, or if it's an old stop loss, or something else. For the purpose of this idea, I will assume it's your *intended Take Profit for the short position.*
**2. Adjusting Your Strategy Based on Current Price Action:**
The price is currently challenging a significant resistance zone. This offers a few possibilities for managing your short:
* **Scenario A: Strict Adherence to Original Plan (Risky if $0.017 is TP):**
* If your target is genuinely $0.017000, you are aiming for a massive drop. This is a high-risk, high-reward strategy.
* **Idea:** Hold your short, but **definitely move your stop-loss down to protect your profits.** Do NOT keep your stop loss above the current price if you are short. Place it just above the current resistance zone (e.g., around $0.047000 - $0.050000) to limit potential losses if the price breaks higher.
* **Scenario B: Partial Profit Taking & Trailing Stop Loss (Recommended):**
* Given the significant run-up and the current resistance, it's prudent to secure some profits.
* **Idea:**
1. **Take Partial Profits Now:** Close a portion of your short position (e.g., 25-50%) at the current price levels ($0.043000 - $0.045000). This locks in some profit immediately.
2. **Move Stop Loss (SL) to Break-Even or Above Entry:** For the remaining portion of your short, move your stop-loss to your original entry price (or slightly above it to guarantee some profit, even if the price reverses completely against you). This creates a "risk-free" trade for the remainder of your position.
3. **Set Trailing Stop Loss:** As the price potentially moves lower (in your favor), continuously trail your stop-loss downwards, maintaining a fixed distance (e.g., based on a percentage, ATR, or previous swing highs). This allows you to capture more of the downside while still protecting profits.
4. **Consider Intermediate Take Profit Targets:** Instead of waiting all the way down to $0.017000, consider setting intermediate take-profit targets at key support levels, such as:
* The top of the previous support zone (around $0.012000 - $0.013000).
* The green demand zone (around $0.009000 - $0.010000).
* **Scenario C: Aggressive Short Re-entry/Adding to Short (Higher Risk):**
* If you strongly believe this is a significant top and the price will reverse sharply, you could consider adding to your short position if you see clear bearish confirmation (e.g., rejection from the current resistance, a bearish engulfing candle, or a break below immediate support).
* **Idea:** Wait for a clear bearish reversal pattern on a lower timeframe (e.g., daily or 12-hour) around the current resistance. If it appears, consider adding a small amount to your short. **Crucially, ensure your overall position size remains manageable, and use a tight stop-loss for this additional entry.**
**Important Considerations:**
* **Risk Management:** Always define your maximum acceptable loss per trade.
* **Position Sizing:** Do not over-leverage.
* **Market Context:** What is the broader market sentiment for cryptocurrencies? Are there any fundamental news events that could impact this asset? (The chart itself doesn't provide this, but it's important to consider).
* **Timeframe Alignment:** Your "exit" at $0.017000 is a long-term target on a 4D chart. Be prepared for potentially long holding times and significant volatility if you're aiming for such a large move.
**In summary, the most prudent approach is likely Scenario B: take some partial profits now, secure your remaining position with a tight stop-loss (at least at break-even), and consider trailing it down as the price moves in your favor. Reaching $0.017000 from current levels would be a substantial move, requiring careful management.**
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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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.🧠📉
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.
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.
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 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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✅ Leaving a comment below! (What is You opinion about this Coin)
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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.
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%
Meme Coin To Watch This Week - Pudgy Penguin (PENGU)BINANCE:PENGUUSDT price has surged 27% in the past week , currently trading at $0.038. The meme coin is inching closer to its all-time high of $0.046 . Strong bullish sentiment and market participation are fueling this rally, signaling that PENGU could soon retest resistance levels if momentum remains intact.
The meme coin is now just 22% away from hitting its record high . A Golden Cross pattern formed last week adds to the bullish outlook. If BINANCE:PENGUUSDT successfully flips $0.040 into a stable support level, the rally could continue, pushing the altcoin higher toward reclaiming its historical peak.
However, downside risks remain. If investors begin booking profits, selling pressure could drag BINANCE:PENGUUSDT lower . The critical support level of $0.029 will come into play. Losing this support could halt the upward trend and invalidate the optimistic price projection in the near term.
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
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!
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