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$PENGU Trading Strategy
1. Bullish Case:
A break above $0.033537 (MA 25) with strong volume could signal further gains toward $0.035193 and $0.038455.
Traders can consider entering on pullbacks near $0.032 to $0.0315.
2. Bearish Case:
If price fails to break the MA(25) and drops below $0.031417, a retest of $0.028155 is likely.
Further downside could lead to a lower low.
Support Levels:
Strong Support: $0.028155 → Previously tested during a downward move.
Immediate Support: $0.031417 → Price bounced near this level.
Resistance Levels:
Immediate Resistance: $0.033537 (MA 25) → Price is approaching this moving average.
Key Resistance: $0.035193 → A minor rejection near this level earlier.
Strong Resistance: $0.038455 → The most recent swing high.
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1. Bullish Case:
A break above $0.033537 (MA 25) with strong volume could signal further gains toward $0.035193 and $0.038455.
Traders can consider entering on pullbacks near $0.032 to $0.0315.
2. Bearish Case:
If price fails to break the MA(25) and drops below $0.031417, a retest of $0.028155 is likely.
Further downside could lead to a lower low.
Support Levels:
Strong Support: $0.028155 → Previously tested during a downward move.
Immediate Support: $0.031417 → Price bounced near this level.
Resistance Levels:
Immediate Resistance: $0.033537 (MA 25) → Price is approaching this moving average.
Key Resistance: $0.035193 → A minor rejection near this level earlier.
Strong Resistance: $0.038455 → The most recent swing high.
❤️LIKE 🫂FOLLOW 🗳REQUOTE OR RESHARE
⌨️ COMMENT
🫂Remember: A lot of Hardwork goes into for providing you Best Investment Articles.Your Generous Tips would Empower our Mission and help us to work even Harder for you to give Best Investment Advice.
#BinanceNextWave
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