Luca Netz 🐧✳️ narxiPENGU

PENGU/USDT Ai

$PENGU lets form a base and go way higher later imo. I think this will be one of the better performers once the market stabilizes (whenever that is) given the depth of this retrace + the strength of its community.

PENGU/USDT - Monthly Chart Long Trade Setup Analysis 🐧 Just took a deep dive into the PENGU/USDT monthly chart, and a potential long-term bottoming pattern is starting to emerge. This is a high-risk, high-reward spot trade idea for those with a patient, long-term horizon. Here’s the Setup: · Time Frame: 1M (Monthly) · Trade Type: Spot Accumulation · The Narrative: The massive, exponential sell-off appears to be exhausting. The last monthly candle shows a significant wick to the downside (low of $0.013230), indicating that buyers finally stepped in aggressively at those levels, rejecting further price decline. Key Levels & Structure: · Resistance: The immediate ceiling is the previous month's open/high, around $0.018 - $0.0185. A break and close above this zone would be the first major bullish confirmation. · Support & Accumulation Zone: The area around the recent low of $0.01323 is critical. This is the zone to consider accumulation, as it has already shown strong buying interest. Why This Could Be a Long Opportunity: 1. Classic Signs of Capitulation: The chart shows a textbook parabolic drop. Moves like this often end in a final washout, which the long wick on the monthly candle suggests may have happened. 2. Potential Reversal Candle: The current monthly candle is forming what could be a "hammer" or a bullish reversal pattern, especially if it closes near its high. This signals a potential trend change after a long downtrend. 3. High Risk/Reward: Entering near the confirmed support zone offers a favorable risk/reward profile. A stop loss below the $0.013 low limits downside risk, while the upside potential on a recovery is multiples of that risk. Trade Plan & Risk Management: · Ideal Entry Zone: $0.0135 - $0.0155 (scaling in) · Stop Loss: A monthly close below $0.0130. This would invalidate the bullish rejection thesis. · Target 1: $0.025 (Break of initial resistance) · Target 2: $0.040+ (Further into the range, depending on market structure shift) Final Thoughts: This is not a short-term play. This is a setup for a potential long-term bottom on the monthly scale. Patience is key. Always remember: This is not financial advice. The crypto market is extremely volatile. $PENGU is a low-cap token, meaning it carries higher risk. Always do your own research (DYOR) and never invest more than you are willing to lose. #PENGU #USDT #Crypto #TradingSetup #LongTermInvesting #Altcoins #TechnicalAnalysis #DYOR

$PENGU 0.25