$PENGU /USDT - Daily Chart Analysis

Current Price: $0.032454 (+1.69%)

Key Levels:

Resistance Zone: $0.035000

Support Zone: $0.031500

Market Sentiment:

1D Price Action: Price has been oscillating within a range between $0.031500 and $0.035643. With a slight uptrend (+1.69%) today, it indicates potential bullish continuation or consolidation.

Volume: The current volume trend shows a decrease from the previous high, but it's important to monitor volume spikes as they could signal breakouts.

Trading Setup:

Bullish Scenario: If the price breaks above the resistance at $0.035643 with higher volume, we may see further upside towards the next target of $0.037000.

Bearish Scenario: If the price fails to hold above $0.031500 and breaks lower, we could see further support at $0.030000.

Action Plan:

Entry Zone (Bullish Setup): Around $0.032500 - $0.033000

Target (TP): $0.035000 (Short-term), $0.037000 (Mid-term)

Stop Loss (SL): $0.030500

Risk Management:

Risk/Reward Ratio: 2:1

Position Size: Keep trades conservative with 5-10% portfolio risk per position.

Pro Tip: Monitor the volume closely; a volume increase above the 24h average can help confirm breakout potential.

Follow my predictions — 93% profit guaranteed!

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