$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.