🚨
$PENGU TRADERS — A MAJOR SUPPLY EVENT IS APPROACHING.
Pudgy Penguins is scheduled to unlock around 2.6B
$PENGU tokens on October 17, worth roughly $40M+ at recent prices.
But traders should NOT automatically treat an unlock as bearish.
📊 Watch the reaction:
🟢 Price holds support + spot volume rises
→ buyers may be absorbing the supply
🔴 Support breaks + sell volume expands
→ distribution pressure is strengthening
⚡ Sharp wick down + fast reclaim
→ possible liquidity sweep
🚀 Price stays strong despite the unlock
→ relative strength becomes the signal
🔥 The calendar tells you WHEN to watch.
Price action tells you WHAT to trade.
Don’t short just because there’s an unlock.
Don’t buy just because the dip looks cheap.
Wait for confirmation.
📌 Save this setup before October 17.
#PENGU #Crypto #Trading #Altcoins #Zyverra