📊 $PENGU /USDT Technical Analysis & Short Trade Opportunity
🚀 Market Overview
PENGU/USDT is showing exceptional movement with a 916.47% 24h price increase, reaching a 24h high of $0.070000 from a low of $0.003375. The current price sits at $0.034306, indicating strong volatility and potential for short-term trading opportunities.
📈 Technical Indicators
Support Levels: $0.024473 | $0.003375
Resistance Levels: $0.048902 | $0.073332
Moving Averages: Short-term momentum supported by positive divergence in MACD and upward trends in EMA.
RSI: Approaching overbought zone, indicating possible retracement before next leg up.
🎯 Short-Term Targets
1️⃣ Target 1: $0.048000 (near resistance level)
2️⃣ Target 2: $0.058500 (breakout confirmation)
3️⃣ Target 3: $0.070000 (24h high re-test)
💡 Strategy Suggestion:
Monitor RSI levels and MACD crossovers to time entry and exits. Set a tight stop-loss below $0.024000 to manage risk during volatility.
⚠️ Disclaimer: This is not financial advice. Always conduct your own research before trading.
