Technical analysis by davidjulien369 about Symbol PENGU: Buy recommendation (10/2/2025)

📌 Trade Journal Entry – PENGUUSDT Trade Type: Buyside Date/Time: Tuesday, 30th Sept 2025 – 12:30 PM Session: LND to NY Session Overlap AM Pair: PENGUUSDT Perpetual (15m timeframe) 🔑 Trade Details Entry: 0.02759 Profit Level (TP): 0.03372 (+22.26%) Stop Level (SL): 0.02659 (-0.60%) Risk–Reward Ratio (RR): 36.94 📊 Technical Structure Consolidation Phase: Price compressed around 0.02670 before the breakout. Liquidity Sweep: Below 0.02672, flushing late longs and triggering demand. Demand Zone (15m): Confirmed around 0.02650–0.02700; price launched from here. FVGs: Bullish fair value gaps supported continuation on impulse move. Fib Retracements: Key alignment with 0.236–0.382 retracement zones, offering confluence targets. Break of Structure (BOS): Strong shift in market structure after sweep, confirming bullish narrative. 🏦 Narrative Textbook Wyckoff accumulation: Price completed a spring action (final liquidity sweep at 0.02670). Demand confirmed by immediate displacement and BOS. Rapid momentum expansion through untested FVGs confirmed strength. Target aligned with 0.5 Fib retracement at 0.03372.Stop level moved (13.47%)