I have a new one for you, Pudgy Penguins (PENGUUSDT), sometimes they look like meme coins but are not necessarily so. This one has tons of products and huge potential for growth.

Let’s look at this chart from an Elliott Wave Theory perspective.

The down-move are impulses while the up-move was a correction. From this we can assume that the next move is another inverted correction, an ABC, but this would be a narrow view.

If we take the entire chart together, it can also be taken as a long complex correction, and this would allow for a new move to develop. In this case, a bullish impulse.

The beauty of this chart is that growth is supported regardless of the type of move that develops next. A correction or an impulse, both are pointing toward higher prices.

PENGUUSDT completed a 5-down wave move but with a clear higher low, a rising bottom. At the same time, we have a flat top, a double-top.

Based on the double-top, the chart structure, the main resistance will be at $0.046. This is the level that worked as resistance in January and July 2025. The next two targets on the chart, $0.072 and $0.111, would require a higher high.

This is a desirable chart because the action is happening at support after a sequence of short-term and long-term higher lows.

Even if prices were to move down, this is a good entry zone. That is, even a good chart setup can fail; but, if we go always with those with low risk vs a high potential for reward, we get to win long-term.

We can make a mistake and end up with a winning trade. It is the same but in reverse. For example: We can jump into a pair without a plan, through FOMO, while the action is already ongoing with high risk and limited potential for growth. Still, we sell after some bullish action and secure profits. This is ok, but long-term it can result in disaster. This is because we would be lacking a plan and the right mentality.

The main goal is to create a strong, positive and successful habit. The habit to buy when the market moves down and settles at support. The habit to secure profits at resistance, regardless of what the future holds. Just this one habit can make all the difference.

Namaste.