$PENGU /USDT Update – Retracement After Highs
$PENGU /USDT is currently trading at $0.037059, showing a modest +0.81% gain over the last 24 hours. The price reached a high of $0.043500 but has since retraced, finding support near the MA(99) at $0.032786. Short-term indicators suggest consolidation before the next potential move.
Entry Suggestion:
• Look for entries near $0.037000-$0.036500 as the price stabilizes.
Targets:
• Short-term Target: $0.038500
• Next Target: $0.040000
Stop Loss:
• Place a stop loss below $0.035500 to protect against further downside.
The retracement provides a possible buying opportunity, but traders should monitor volume and momentum for confirmation. Manage your trades cautiously and adhere to proper risk management.