$PENGU /USDT Trading Signal – Consolidation Phase with Breakout Potential

Observation: The $PENGU /USDT pair has exhibited a narrow consolidation between $0.034 and $0.038 after a recent recovery, indicating potential breakout opportunities in either direction.

Trade Setup:

Entry Zone (Long): $0.0350 - $0.0360

Targets:

1. Target 1: $0.0375 (Initial resistance)

2. Target 2: $0.0390 (Key breakout level)

3. Target 3: $0.0415 (Extended target on bullish momentum)

Stop Loss: $0.0335 (Below recent support zone)

Market Insight: This setup is ideal for swing traders looking for short-term gains. A breakout above $0.0379 could confirm bullish momentum. Conversely, failure to hold above $0.035 could see the pair retesting lower supports.

Pro Tip: Secure partial profits at each target to optimize gains and adjust stop losses to reduce risk as the trade progresses.

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