$PENGU has shown a strong upward momentum over the last 24 hours, breaking past key resistance at $0.03000 and achieving a high of $0.032307 before experiencing minor consolidation
Current Price: $0.03088 (+13.9%)
24-Hour High: $0.032307
24-Hour Low: $0.025946
24-Hour Volume: 5.49B PENGU
Resistance Levels:
Primary Resistance (Red): $0.03200
Secondary Resistance: $0.03230
Support Levels:
Immediate Support (Green): $0.03000
Secondary Support: $0.02850
The bullish trend is indicated by a series of higher lows and consistent volume. However, minor retracements hint at consolidation.
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Short-Term Signal (Scalping/Intraday):
Entry Price: $0.03050
Take Profit Targets:
1. $0.03120
2. $0.03180
3. $0.03200
Stop Loss: $0.02950
Long-Term Signal (Swing Trade):
Entry Price: $0.03080
Take Profit Targets:
1. $0.03200
2. $0.03300
3. $0.03500
Stop Loss: $0.02880
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Key Observations:
Bullish Indicators:
Increasing trading volume and strong upward momentum.
Resistance at $0.03200 may be tested again soon.
Bearish Risks:
A breakdown below $0.03000 could trigger a correction towards $0.02850.
Caution: Watch for stability above $0.03080 before entering long trades. Ensure stop losses are tight due to potential volatility.
