Technical analysis by LoneWolf1425 about Symbol PENGU on 2/15/2025

I was hopeful for a nice rally from here, but PENGU is now looking quite questionable after its failed breakout. It has room to make it to the next fib level down which is the .786 pocket if it wants to. That is from .005591-.006454. We could still pivot from this area, but I wanted to post this because I called a long from this area, and now it is looking a lot more grim after we got reversal candle on the 12H, followed by a confirmation candle. That is strong for a new coin that is in a downtrend. Thank you!