Technical analysis by davidjulien369 about Symbol PENGU: Buy recommendation (10/5/2025)

Trade Journal Entry Pair: PENGU/USDT Trade Type: Buy-side Trade Date: Sat 04th Oct 2025 Time: 12.00 PM Session: London to New York Session PM Entry: 0.02959 Profit Level: 0.03513 (+18.72%) Stop Level: 0.02903 (–1.87%) Risk-Reward Ratio (RR): 10.26 Narrative Following the accumulation phase around 0.02950, buyers stepped in with significant volume during the London to NY overlap. Price action confirmed a Break of Structure (BOS) on the 30-minute timeframe with a clean impulse leg. The entry aligns with FVG mitigation and bullish order flow continuation. Targets are positioned toward 0.0351 — the next liquidity pool and local swing high. Market Context & Structure The chart shows a strong bullish reversal following a prolonged downtrend. Price broke above the 0.030 psychological level, flipping prior resistance into support. Multiple Fair Value Gaps (FVGs) formed beneath the current price, offering valid re-entry zones if mitigated. Volume surged near the 0.02950–0.03100 area, suggesting institutional interest and demand absorption. The 50 EMA (blue) has crossed above the 200 EMA (yellow) — signalling a medium-term shift in structure. Notably, the main impulse move occurred as the price retraced into the 0.25 level of the PD Array, aligning with a previous price range and discount as confluence. Outlook As long as price holds above the 0.031 zone (previous FVG + 50 EMA confluence), the structure remains bullish.RR 15.76 Profit level extended (Day TF overview)