$PENGU has already shown its strength before, delivering a sharp rally from the lows to the previous high.....
After the correction, price is now sitting on a solid support zone and, importantly, it’s not breaking down. That’s usually a sign of accumulation, not weakness.
The structure is clean. Sellers are exhausted, and buyers are quietly stepping in. This is how the next leg usually starts.
As long as price holds this support, upside remains open. No need to rush or chase green candles. Smart money waits here, then rides the move when momentum returns.
After a clean breakout from accumulation, $PENGU is holding strength near highs.... Momentum is still intact and pullbacks are getting bought fast this looks like continuation, not exhaustion.