$PENGU : Short Liquidation Sparks Momentum! šŸŸ¢

šŸ“Š $8.422K in shorts liquidated at $0.04455, indicating strong bullish activity in the market. This could open the door for a significant upward movement in PENGU. Letā€™s plan the next steps!

Key Levels to Watch

Support Zone: $0.04350 - $0.04450 (must hold for bullish continuation).

Resistance Zone: $0.04600 - $0.04750 (breakout area).

Potential Targets After Breakout:

1. $0.05000 (short-term).

2. $0.05500 (medium-term).

3. $0.06500 (long-term).

Trading Plan for $PENGU

Buy Zone

Dip Entry: $0.04350 - $0.04450 (if price retests support).

Breakout Entry: Add positions above $0.04600 after a confirmed breakout.

Targets

1. Target 1: $0.05000

2. Target 2: $0.05500

3. Target 3: $0.06500

Stop Loss

Stop Loss Level: $0.04300 (below support to limit risk).

Whatā€™s Next?

1. Bullish Scenario:

If PENGU holds above $0.04450 and breaks $0.04600, expect a rally toward $0.05000 and beyond.

2. Bearish Scenario:

A drop below $0.04300 could lead to further downsideā€”avoid buying in this case.

šŸ’” Tips:

Confirm Volume: Look for strong buying volume during the breakout above $0.04600.

Risk Management: Stick to your stop loss and trade sizes to protect your capital.

$PENGU is gaining strengthā€”Stay ready for the next big opportunity! šŸŽÆ

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