๐ $PENGU /USDT Technical Analysis & Short Trade Opportunity
๐ Current Price: $0.032974 (+22.10%)
๐ 24h High/Low: $0.039500 / $0.027004
๐ฐ 24h Volume: 14.79B PENGU (~502.8M USDT)
๐ Market Analysis:
The price has experienced a strong bullish breakout, gaining over 22% in the last 24 hours.
Significant resistance is observed around $0.039, while support lies near $0.027.
Indicators like RSI suggest overbought conditions, hinting at potential consolidation or minor pullback before the next move.
๐ฏ Short Trade Targets:
1๏ธโฃ Target 1: $0.0345
2๏ธโฃ Target 2: $0.0365
3๏ธโฃ Target 3: $0.0390
โ ๏ธ Stop-Loss: $0.0300
๐ก Strategy: Monitor volume and price action near resistance levels. A breakout above $0.039 could lead to a strong continuation, while failure to hold support at $0.030 may signal a reversal.
๐ข Disclaimer: This is not financial advice. Conduct your own research before investing.