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Is it just me, or is $PENGU looking a bit heavy right now?
The chart shows we’ve been bleeding out for a few days, and honestly, the buyers aren't showing much heart. We’re sitting at 0.006468 and that local support level is the only thing keeping this from a deeper slide.
If you look at the order book, the sell pressure (54%) is outweighing the bids. We really need to hold this 0.0064 zone or we might be revisiting those February lows around 0.0052 sooner than people think.
Volume is okay, but it’s mostly defensive. I’m staying patient here. I want to see a solid green candle with some actual conviction before I even think about a reversal play. Right now, it’s just a "wait and see" game.
#USJoblessClaimsMissExpectations