$PENGU /USDT Technical Analysis - Binance

📊 Current Price: $0.041891 (+17.36%)

⏰ Timeframe: 30m

Analysis & Targets

$PENGU /USDT is showing significant bullish momentum with a sharp upward move. Here are the key levels to watch:

1️⃣ Target 1: $0.04300

Immediate resistance level; a breakout here may continue the bullish trend.

2️⃣ Target 2: $0.04500

A critical resistance zone. A push beyond this indicates further strength in the trend.

3️⃣ Target 3: $0.04800

Major resistance and an ambitious target. Breaking this level could trigger significant buying pressure.

Strategy

📈 Bullish Case: Monitor for a sustained breakout above $0.04300. Gradually take profits at each target to secure gains.

📉 Bearish Case: If the price pulls back, expect support around $0.04000.

⚠️ Risk Management:

Set a stop-loss at $0.03950 to protect against downside risks.

Trade cautiously, as volatility remains high after the sharp rally.

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