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The key to $PENGU is here: as long as the price hasn't been able to retake the red area on the weekly chart and close above it effectively, this market has no clear direction. Any movement below is just noise—technical rebounds or weak fluctuations.
The only area worth paying attention to is one specific zone. Ignore everything else. Until the price actually reaches this critical level, everything else is just a waste of time. This is the current situation.