$PENGU /USDT Trading Signal - Oversold Rebound or Continuation?

Current Price: $0.033358

$PENGU /USDT is testing critical support near $0.033200, with a slight bounce observed. This setup hints at potential reversal or continuation opportunities.

Short Entry:

Entry Range: $0.033400–$0.033800

Targets:

Target 1: $0.033000

Target 2: $0.032500

Target 3: $0.031800

Stop Loss: $0.034200

Long Entry:

Entry Range: $0.033300–$0.033700

Targets:

Target 1: $0.034200

Target 2: $0.034700

Target 3: $0.035500

Stop Loss: $0.033000

Observations:

EMA(7) ($0.033636) and EMA(25) ($0.034069) are key resistance zones; a break above could confirm bullish momentum.

A failure to hold $0.033200 may signal further bearish continuation toward the $0.032500 zone.

Low volume during recovery suggests the need for caution on long positions.

💡 Manage your entries carefully and monitor volume and candlestick confirmations.

#PENGUUSDT #Binance #CryptoTrading