a concise technical analysis and trade signal for $PENGU

/USDT:

Technical Analysis:

Current Price: $0.036961 (-2.35% over 24h)

Trend: Slightly bearish

Support: $0.034036 (24h low)

Resistance: $0.037871 (24h high)

Key Indicators:

Moving Averages (MA): Bearish, indicating downward pressure.

EMA: Price nearing support, suggesting potential for a rebound.

Bollinger Bands (BOLL): Price approaching the lower band, signaling possible oversold conditions.

MACD: Negative momentum, but possible reversal near support.

Trade Signals:

Sell Signal: If price breaks below $0.035 (support confirmation).

Take Profit Levels:

First Target 🎯: $0.0370 (approaching resistance)

Second Target 🎯: $0.0378 (near 24h high)

Third Target 🎯: $0.0385 (extended resistance)

Stop-Loss: Below $0.033 (to manage risk)

Momentum:

Bearish momentum with negative MACD, but price is near key support. A potential reversal to the upside is possible if support holds.

Let me know if you'd like to refine this analysis!

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