$PENGUIN After a strong impulse move, price is now cooling down and moving sideways. This zone usually decides between continuation or a deeper pullback.
🟢 Bullish Scenario (Upload with the Bullish chart) If price holds above support, the uptrend can continue. Key Levels Strong Support: 0.105 Base Support: 0.115 Pivot Zone: 0.120 Resistance 1: 0.145 Resistance 2: 0.168 Timeframe view Short-term: Consolidation after strong move 1H–4H: Holding above pivot keeps buyers active Momentum view: Trend stays positive above support Continuation only works while support holds. 🔴 Bearish Scenario (Upload with the Bearish chart) If price fails to hold support, a pullback may follow. Key Levels Local Resistance: 0.145 Current Zone: 0.120 Key Support: 0.105 Major Support: 0.085 Breakdown Area: 0.065 Timeframe view Short-term: Weak follow-through after rejection 1H–4H: Loss of support weakens structure Risk view: Momentum cools below support After fast pumps, pullbacks are normal. 🧠 Final Note This is personal market observation, not financial advice.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$PENGUIN After a strong impulse move, price is now cooling down and moving sideways. This zone usually decides between continuation or a deeper pullback.
🟢 Bullish Scenario (Upload with the Bullish chart)
If price holds above support, the uptrend can continue.
Key Levels
Strong Support: 0.105
Base Support: 0.115
Pivot Zone: 0.120
Resistance 1: 0.145
Resistance 2: 0.168
Timeframe view
Short-term: Consolidation after strong move
1H–4H: Holding above pivot keeps buyers active
Momentum view: Trend stays positive above support
Continuation only works while support holds.
🔴 Bearish Scenario (Upload with the Bearish chart)
If price fails to hold support, a pullback may follow.
Key Levels
Local Resistance: 0.145
Current Zone: 0.120
Key Support: 0.105
Major Support: 0.085
Breakdown Area: 0.065
Timeframe view
Short-term: Weak follow-through after rejection
1H–4H: Loss of support weakens structure
Risk view: Momentum cools below support
After fast pumps, pullbacks are normal.
🧠 Final Note
This is personal market observation, not financial advice.