Pudgy Penguins to Participate in Singapore Music Festival on October 1

$PENGU Despite the local bearish trend, I believe that the $IWM correlation with previous cycle rallies is more grounded than the 4 year thesis. TOTAL3 chart on the 3D also rounding out support above the ichimoku cloud, 100EMA, and trend line. All this paired with macro tailwinds and a pro crypto admin. PENGU showed market leading strength in the last rally from the April tariff lows and betting on that to continue once BTC can reclaim bullish structure on LTF, which I anticipate to emerge this week with a melt up in the S&P above 7K. Bullish divergence playing out at a logical demand zone with a similar LTF structure as the breakout in June. VWAP anchored to the tariff lows has a 1 std dev band currently in the process of flipping as support. The little rally we had earlier in the week was telling in terms of relative strength as it broke its downtrend. Now a retest of the breakout for what I presume will be a higher low. Invalidation with daily close below the yellow box and local low. Playing the fib extension which lines up with an upper channel trendline puts my target in the 0.20 range. Projected timeframe would be around Jan. 10 based on some other market structure correlations. There are worse places to buy. This is the one bet I'd take if it was my only exposure to the market.

$PENGU Despite the local bearish trend, I believe that the $IWM correlation with previous cycle rallies is more grounded than the 4 year thesis. TOTAL3 chart on the 3D also rounding out support above the ichimoku cloud, 100EMA, and trend line. All this paired with macro tailwinds and a pro crypto admin. PENGU showed market leading strength in the last rally from the April tariff lows and betting on that to continue once BTC can reclaim bullish structure on LTF, which I anticipate to emerge this week with a melt up in the S&P above 7K. Bullish divergence playing out at a logical demand zone with a similar LTF structure as the breakout in June. VWAP anchored to the tariff lows has a 1 std dev band currently in the process of flipping as support. The little rally we had earlier in the week was telling in terms of relative strength as it broke its downtrend. Now a retest of the breakout for what I presume will be a higher low. Invalidation below the local low. Playing the fib extension which lines up with an upper channel trendline puts my target in the 0.20 range. Projected timeframe would be around Jan. 10 based on some other market structure correlations. There are worse places to buy. This is the one bet I'd take if it was my only exposure to the market.

🔝 10 Trending Coins 🗓 Dec.5 1. LUNC 2. FIRO 3. LUNA 4. MON 5. $BTC 6. #PENGU 7. $SOL 8. $XRP 9. $ETH 10. $ZEC ❤️ #crypto

🚀 Top Trending Coins (Today) 1. LUNC 2. FIRO 3. LUNA 4. MON 5. $BTC 6. #PENGU 7. $SOL 8. $XRP 9. $ETH 10. $ZEC 11. $DOT 12. $APT 13. $ARB 14. LINEA 15. $LINK #crypto

$PENGU just ripped off the lows and tapped a major supply zone. It’s cooling off for the moment, but if this area holds, the next move up might be on deck.