Based on the chart provided for $PENGU /USDT on the 15-minute timeframe, the price has experienced significant upward momentum, currently trading at $0.039435, up by approximately 18.96% within the 24-hour period. The price is near its 24-hour high of $0.040100, indicating strong bullish sentiment. However, it may face resistance at this level.

Analysis and Strategy:

1. Long Entry: If the price breaks above $0.040100 with strong volume, a long position can be initiated.

Stop Loss: Set at $0.038500 (below recent support levels).

Target: $0.042500 (next potential resistance level based on price extension).

2. Short Entry: If the price fails to break above $0.040100 and shows signs of reversal (e.g., bearish candles or volume decline), a short position may be considered.

Stop Loss: Set at $0.040500 (above resistance).

Target: $0.037500 (previous consolidation zone).

3. Risk Management: Ensure to risk only 1-2% of your trading capital per trade and monitor volume closely for validation of breakouts or reversals.

Since the price has already surged significantly, caution is advised to avoid entering during potential pullbacks. Wait for confirmation signals before taking a position.

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