📊 Market Analysis:Pengu coin, Looks Good (Pt 4c)

🧭 Observations

Weekly Chart

📊 Market is trading at the top of the previous weekly hammer.

⏫ Within a day, price has reached the upper tail of the hammer.

Three-Day Chart

⚠️ Rejection zone noted near the close of a previous three-day candle, signaling potential resistance.

Daily Timeframe

10-day Lookback:

A strong inverted hammer indicates this level could act as a supply zone.

📈 Stochastic Oscillator:

Currently in the overbought zone, hinting at a potential price shift.

🔎 Candle Close:

If today’s candle closes as another hammer, it may confirm rejection.

4-Hour Timeframe

🕒 Weakness Detected:

The 4H chart shows signs of slowing momentum.

📉 Stochastic is in the oversold zone, suggesting a potential reversal or stabilization.

⚡ Actions

🔄 Monitor Lower Timeframes:

Focus on 8H, 6H, and 4H charts to anticipate how the daily candle may close.

📌 Stay Alert:

Look for confirmation of rejection before acting.

✅ Takeaways

1. 🔄 Mixed Signals:

Weekly and daily suggest resistance, while the 4-hour chart hints at possible stabilization.

2. 🕵️ Patience is Key:

No confirmed direction yet.

3. 📖 Guided Action:

Updates will be shared in Time to Act Pt 2c for possible entry decisions.

$PENGU

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