This penguin $PENGU won't turn into the next squirrel, right? A few days ago, I saw him hovering around a high point near 0.0365 and reminded everyone to open a short position, and now it's at 0.028, probably trapping quite a few people in between.

$PENGU Penguin main force is trading sideways at this position, and there is a trend of increasing short positions. Don't chase it. The 4-hour contract positions are increasing, but the contract net value has been flowing out, indicating that the contract short positions are increasing. Then I looked at the spot and found that there was a small inflow within four hours. It is speculated that the main force is using a small amount of spot purchases to stabilize the price sideways, and then secretly open short positions. It is recommended to be careful. This price is relatively high.
If you chase it now, the main force may pull back to around 0.04 at most to explode the air force. The possibility of pulling it higher is relatively small. It is necessary to observe whether the main force will continue to increase a large number of long positions later. Overall, the risk of this position is greater than the benefit.