What are we seeing?
After a strong correction, the pair $PENGU stabilized in an important accumulation zone. The price is testing the Fibonacci "Golden Pocket" (0.618), a point where big players usually take positions.
The Thesis:
The sales volume has dried up and the price maintains higher supports. If it holds above 0.006770, we could see a strong rebound to test the resistances of 0.0075 and 0.0080.
📍 Trade Setup:
✅ Entry: 0.006770 - 0.006850
🎯 Targets: 0.007512 | 0.007971 | 0.008800
🚫 Stop: 0.005950 (Below the previous low)
⚠️ Remember: Cryptocurrencies are high risk. Manage your capital and never invest what you cannot afford to lose!