📊
$PENGU — HIGHER-TIMEFRAME STRUCTURE CHECK
A lot of questions about
$PENGU , so here’s the real picture from the higher timeframe.
$PENGU already made its big move, tagged the previous high, and then went through a deep correction. That part is done. What matters now is how price behaves at support — and right now, it’s behaving well.
🛡️ Key Support: 0.010 – 0.011
Price is holding this zone, not breaking down. Instead of panic selling, we’re seeing sideways action, which often signals seller exhaustion and quiet accumulation.
📈 Why this matters:
When price stops falling at support and volatility compresses, smart money is absorbing supply.
🎯 Upside Levels (if momentum builds):
First resistance: 0.020 – 0.025
Expansion zone: 0.035 – 0.040 (previous major move area)
⏳ Important Reminder:
This is not a fast pump zone.
This is a patience zone — and historically, coins tend to move hardest when attention fades.
Watch support. Respect the structure. Let price confirm the next move.
don't mess
$SHIB #pengu #meemcoins