$PENGU recorded a $2.0709K Short Liquidation at $0.00684, showing that leveraged sellers were forced to cover during the upside move. The $0.00684 area is now a key pivot.
Market Structure: Bullish pressure
Trigger: $0.00684
Support: $0.00665 – $0.00645
Major Support: $0.00620
Resistance: $0.00705 – $0.00730
Breakout: $0.00760
Entry: Above $0.00705 after confirmation
SL: Below $0.00645
TP1: $0.00730
TP2: $0.00760
TP3: $0.00800
Trade smart: Short liquidations can fuel a squeeze, but confirmation through volume and price action remains essential.
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